Seismic services provider PGS is back in Brazil in 2020 with a Ramform Titan-class vessel to acquire the first GeoStreamer X MultiClient 3D seismic survey in the region. The Campos Deepwater GeoStreamer X project will deliver high-quality, long offset, multi-azimuth seismic data over the deepwater portion of northern Campos Basin and the first data will... Continue Reading →
Sandvik Wins Mero Steel Tube Umbilical Order
Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield. Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential. The Mero oilfield is being managed by the Libra Consortium, made up of a partnership between Petrobras, Total,... Continue Reading →
Wood to deliver engineering design for Chevron’s Gulf of Mexico project
Oilfield services company Wood is delivering a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico. The scope of the project included the preliminary, front end engineering and design (Pre-FEED), FEED and now entails detailed design of Anchor, a wet tree development that will employ a semi-submersible floating production unit... Continue Reading →
Ampelmann Wins Contract from SBM in Guyana
Dutch offshore service provider Ampelmann said it has added Guyana as a new market to its global portfolio following a contract award from compatriot floating production and mooring systems firm SBM Offshore. Ampelmann said it assisted the hook-up and commissioning of the SBM floating production, storage and offloading unit (FPSO) Liza Destiny, which came on stream for... Continue Reading →
Total expects to invest R$ 15 billion in E&P in Brazil by 2024
March 2, 2020 French oil company expects to reach average production of 150,000 barrels a day in the country in five years Enthusiastic with the portfolio built in Brazil in recent years, the French oil company Total plans to invest between US $ 600 million and US $ 700 million per year in exploration and... Continue Reading →
FPSOs: The New Business Model
As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil, this buoyant market is kept strong by new players, new business models... Continue Reading →
MINAS E ENERGIA AUTHORIZES THE SALE OF 30% OF SOUTH OF GATO DO MATO TO ECOPETROL
FEB 27, 2020 News of the consortium that is exploring the southern block of Gato do Mato. The Ministry of Mines and Energy published this Thursday (27), in the Official Gazette, its endorsement for the sale, by Shell, of 30% of the area to the Colombian Ecopetrol. The transaction was announced in October last year.... Continue Reading →
PETROBRÁS ENTERED APPLICATION FOR AN INSTALLATION LICENSE FOR THE BÚZIOS 5 PLATFORM
FEB 27, 2020 Petrobrás announced this week that it has applied to the Brazilian Institute of the Environment (Ibama) to receive the Installation License for the Búzios 5 platform, which will be implemented in the Santos Basin pre-salt. Currently, according to Petrobrás' annual balance sheet, the FPSO has reached 10% of physical progress completed. The... Continue Reading →
Petrobras began the Long-Term Test in deep waters of Sergipe-Alagoas
February 26, 2020 Last Saturday, Petrobras began the Long-Term Test of the Farfan reservoir, one of the discoveries made by the company in deep waters of the Sergipe-Alagoas Basin. Production is being carried out from the FPSO Cidade de São Vicente, connected to a production well. Ibama's license is valid for up to 180 days... Continue Reading →
Eni’s Agogo field size increases to 1 billion barrels of oil
Italian oil and gas company Eni has drilled the Agogo-3, the second appraisal well of Agogo discovery in Block 15/06, offshore Angola, increasing by about 40% the estimate of oil in place, which is now of 1 billion barrels with further upside to be tested in the Northern sector of the field. Eni said on... Continue Reading →