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Nov 5, 2019 In the first half of November, Petrobras will begin drilling its first Uirapuru exploratory well, an area of the Santos cluster that was auctioned off in the 4th round of sharing, in 2018. The campaign will be carried out by Seadrill's West Tellus drillship have a new contract. The chartering of the... Continue Reading →
November 5, 2019 The two exploratory block auctions that the ANP will promote today and tomorrow are marked by record numbers, starting with the huge numbers that generate huge expectations in the industry and in the three Brazilian administrative spheres. Treated by the government as the biggest auction of all time, the TOR round will... Continue Reading →
Brazilian oil workers’ unions have sued to block two massive deep-water crude tenders due to take place this week, while the country’s mines and energy minister said on Tuesday that the tender would be a big success. In Wednesday’s auction, known as the transfer-of-rights (TOR) bidding round, companies are expected to pay up to 106.5... Continue Reading →
As Brazil approaches the biggest oil auction in its history — and one of the world’s most expensive ever — the field of deep-pocketed bidders has narrowed to less than a dozen oil majors. In Wednesday’s auction, known as the transfer-of-rights (TOR) bidding round, firms are expected to pay up to 106.5 billion reais ($26.5... Continue Reading →
Nov 01, 2019 Petrobras Natural Gas Executive Manager Rodrigo Costa Lima said that the installation of a floating gas terminal could be the solution for the production of new pre-salt fields. The decision, he says, has to be made by 2022 to absorb production growth in the second half of the next decade, and has... Continue Reading →
Nov 1, 2019 The consortium operated by Shell (50%), in partnership with Ecopetrol (30%) and Total (20%), plans to invest $ 3 billion in the development of the Gato do Mato project within the next four years, said Felipe Bayon, CEO of Colombian oil company, during conference with analysts. Eight to nine wells (producers, gas... Continue Reading →
Nov 1, 2019 Petrobras is due to start production in Sergipe's deepwater in December when it intends to test the Farfan reservoir, one of the discoveries made in the region. The plan foresees the installation of FPSO Cidade de São Vicente, connected to a production well. It took longer than expected to complete cleaning of... Continue Reading →
Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the giant Buzios field up for auction next week. The Irving, Texas-based oil titan already has a large portfolio of offshore Brazil blocks it built up in recent years when access to one of the world’s... Continue Reading →
Brazil’s Petrobras aspires to reduce the amount of time from oil discovery to first production at its deepwater fields by almost 50% by 2029, while exploring ways to skip the exploratory drilling phased, an executive said on Wednesday. Petroleo Brasileiro SA (PETR4.SA), as the firm is formally known, wants to cut the period of time... Continue Reading →
The ExxonMobil-operated Liza-1 development, located in the Stabroek Block offshore Guyana, is now expected to start production through the Liza Destiny FPSO in December 2019, which is earlier than expected. The Liza field sits in the giant Stabroek block, which covers almost 27,000 square kilometers, circa 200 kilometers offshore Guyana. ExxonMobil has struck more than... Continue Reading →
Brazil Energy Insight 