Japanese companies have teamed up to proceed with a charter project for the deepwater FPSO for the Petrobras-operated Marlim field located offshore Brazil. MODEC, Mitsui, Mitsui O.S.K. Lines (MOL), and Marubeni have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing an... Continue Reading →
MODEC to supply ‘largest FPSO ever delivered to Brazil’
Japan’s MODEC has signed a sales and purchase agreement (SPA) with Equinor to supply a floating production storage and offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore Brazil. MODEC was awarded a Pre-Front End Engineering Design (Pre-FEED) contract for the FPSO in December 2018 and has now been selected as the turnkey contractor... Continue Reading →
Subsea Integration Alliance in Bacalhau (Carcara) Field SURF Award
Subsea Integration Alliance, a JV between Subsea 7 and OneSubsea, has been awarded an exclusive contract by Equinor for the Front End Engineering Design (FEED) study for the SURF (Subsea, Umbilical, Risers and Flowlines) on its Bacalhau (formerly Carcará) project, offshore Brazil. The awarded work is required to finalize the technical definition of the proposed field development... Continue Reading →
Wood’s Chris Barton to lead FPSO Focus at Global Offshore Brazil Summit
Set to deploy 21 FPSOs by 2025, Brazil currently leads the world in offshore floating production development. As part of the Global Offshore Brazil Summit, in Rio de Janeiro March 4th and 5th 2020, Wood’s Chris Barton will lead an exclusive FPSO Focus speaker panel. Barton, senior VP of business development for Wood, will present on innovations... Continue Reading →
Pemex Pushes for State Control Over Zama
Mexico's state oil company Petroleos Mexicanos wants operational control over a major offshore oil area discovered by a consortium of private companies before development gets underway, its top official said on Wednesday. Pemex Chief Executive Officer Octavio Romero told a news conference the company believes most of the crude found by the consortium, in the... Continue Reading →
PPSA will calculate compensation to Petrobras in the new auction of the surplus of the Transfer of Rights
January 29, 2020 The federal government made a change to the re-bidding of the surplus of the Transfer of Rights assignment of Sépia and Atapu, in the Santos Basin pre-salt, and Pre-Salt Petroleum (PPSA) will be responsible for negotiating and defining with Petrobras the value of the indemnity that will be charged to possible partners... Continue Reading →
PETROBRÁS SUFFERS NEW FLEXIBLE RISER BREAKDOWN IN FPSO ANGRA DOS REIS
Jan 29, 2020 A new chapter in the history of Petrobras' problems with flexible risers. A line connected to the FPSO Cidade de Angra dos Reis, located in the Lula field, broke on the 21st. According to Petrobrás, there was no damage to the environment and it was also not necessary to stop production. The... Continue Reading →
The world celebrates the increase in the volume of discoveries in 2019… by Cleveland M. Jones, DSc
Jan 28, 2020 But they were less than a third of the volume of oil consumed in 2019! The world still celebrates the modest increase in discoveries of oil resources in 2019, after a period of several years of discoveries far below those of the years until 2015 (Rystad Energy, 2020). Still, even in... Continue Reading →
P-69: highest producer in the country
Jan 28, 2020 For the first time, an FPSO installed in the Lula field was the one that produced the most in the country The FPSO P-69 extracted 183,767 thousand boed in November 2019, occupying, for the first time, the top of the list of FPSOs with the highest production in the country, according to... Continue Reading →
Oil companies accelerate prospecting in the pre-salt
Jan 28, 2020 Report by consultancy Wood Mackenzie highlights that Petrobras and Shell found evidence of oil and gas in their wells, but nothing economically attractive for now Since 2017, oil companies have paid R$ 42 billion for exploration areas in the Brazilian pre-salt layer, one of the regions most coveted by multinationals. Despite this,... Continue Reading →
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