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Brazil's oil and gas regulator ANP on Wednesday approved the temporary suspension of the 17th round of auction bids for exploration and production rights planned for this year due to the coronavirus health crisis. In a press release, the ANP said its action followed the Mines and Energy Ministry's decision to suspend pre-auction procedures such... Continue Reading →
April 1, 2020 Petrobras then concludes the contracting of 90% of the TOR surplus in Búzios, alongside that of the Chinese state-owned companies CNODC and CNOOC, with 5% each. In addition to 100% of Itapu. - Búzios is the largest field under development in the country, with four Petrobras own units in operation, Búzios 5... Continue Reading →
April 1, 2020 The ANP board approved the review of the discovery assessment plan (PAD) for well 3-BRSA-1267-RJS, an extension well for the original Libra discovery, which provides for additional campaigns in the Southeast and Central areas of the block. - Southeast: the consortium led by Petrobras needs to decide on December 31 this year... Continue Reading →
April 1, 2020 Total Brasil will not extend the charter contract for the Valaris-DS9 drillship, owned by Valaris (ex-Ensco), which, since last year, has carried out a drilling campaign in the Lapa field, in the Santos Basin pre-salt. The French oil company reviewed the operating strategy it had defined for the asset, opting to suspend... Continue Reading →
Mar 30, 2020 The ANP has been waiting, since the end of December, for Petrobras to send documentation proving the fulfillment of 32 pending issues that prevent the P-70 from starting to operate for safety reasons. Related mainly to the commissioning and start-up schedule, the problems were identified during a prior audit and Petrobras needs... Continue Reading →
Mar 30/2020 Shell found new evidence of oil in well 3-SHEL-32D-RJS, in the south of Gato do Mato, in the Santos Basin pre-salt. This is the second occurrence in the block, where the oil company is conducting a campaign with the Brava Star rig, in a water depth of 2,048 thousand m. The drilling of... Continue Reading →
MAR 30, 2020 The unique characteristics of the pre-salt motivated Equinor and the Institute of Petroleum and Natural Resources (IPR) to carry out a new study to deepen the knowledge about the reservoir rocks of the layer. The research will last four years and the main objective will be to understand the origin and... Continue Reading →
March 30, 2020 Investment cut leads large companies, such as Schlumberger and TechnipFMC, to reduce expenses and postpone projects The fall in the price of oil in recent weeks has led to a wave of investment cuts by global oil companies and, little by little, this movement begins to affect the chain of suppliers of... Continue Reading →
U.S. offshore engineering and construction company McDermott has been awarded a sizeable contract by BHP to provide pre-front-end engineering design (pre-FEED) services for a floating production unit (FPU) that will be installed at the Trion field offshore Mexico. The FPU will be installed in a water depth of approximately 8,200 feet (2,500 meters) at the... Continue Reading →
Mar 26, 2020 Shell released the definitive bid for chartering the FPSO for the project to develop the production of Gato do Mato. Continuing the RFI (Request for Information) started in May 2019, with several technical alternatives for the unit, the oil company finally resolved on the production capacity of the unit it will produce... Continue Reading →
Brazil Energy Insight 