October 17, 2019 Petrobras plans to begin production testing on its Sergipe deepwater discoveries in November, the company told the National Petroleum, Natural Gas and Biofuels Agency (ANP). The project had to be postponed for one year for maintenance at FPSO Cidade de São Vicente. The agency's board approved the new project schedule on... Continue Reading →
BHP strikes oil in Trinidad and Mexico
Australia’s BHP has drilled two additional exploration wells as part of a deepwater drilling campaign offshore Trinidad and Tobago with one discovery made, and one well classified as dry. BHP said in its operational update for the third quarter published on Thursday that the two wells were located in the Northern licenses and were a... Continue Reading →
ANP wants pre-salt blocks and fields in permanent offer
October 17, 2019 CNPE will evaluate proposed inclusion of assets located within the polygon that have already been auctioned or returned On the agenda of the next meeting of CNPE, the inclusion of exploratory blocks located within the pre-salt polygon in the permanent offer regime was approved by the ANP board of directors meeting .... Continue Reading →
ONGC Videsh in oil & gas discoveries in Brazil and Colombia
ONGC Videsh, international business of the Indian oil company ONGC, has announced two discoveries in Brazil and Colombia. The company on Wednesday said it had made a major gas discovery at the Moita Bonita-2 well in the deepwater block BM-SEAL-4, Brazil in the Sergipe Alagoas Basin. Petrobras as operator of BM-SEAL-4 consortium with ONGC Videsh,... Continue Reading →
PETROBRAS LAUNCHES DRILL RIG TENDER
Oct 16, 2019 Petrobras launched, on Monday (14/10), a notice for the chartering of one or more rigs capable of operating between 2,400 m and 3,000 m water depths. Proposals are due to be delivered by November 11, and start-up is from January to March 2020. The announcement brings news about previous bids from Petrobras,... Continue Reading →
Explainer: Translating TOR (Transfer of Rights) – How Brazil’s $26 billion oil rights auction works
Brazil’s Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the ‘transfer-of-rights’ area. The bidders who win exploration and production rights in the massive Nov. 6 auction will... Continue Reading →
MODEC Awarded Letter of Intent by Petrobras Related to Marlim 1 FPSO
Tokyo, October 16, 2019 MODEC, Inc. ("MODEC") is pleased to announce that it has received a Letter of Intent (LOI) for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for Marlim revitalization project from Petróleo Brasileiro S.A. ("Petrobras"). This marks MODEC's 16th project for the Brazilian market and the period... Continue Reading →
Petrobras signs charter contracts for Marlim
October 15, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has signed letters of intent (LoI) with the Japanese company Modec (Marlim Unit 1) and the Malaysian company Yinson (Marlim Unit 2), for the chartering of two FPSO platforms. The units will be used in the production development project of the Marlim and Voador... Continue Reading →
Brazilian senate committee paves way for offshore oil rights sale
A Brazilian Senate committee cleared the way for what may be a record-setting offshore oil rights auction on Tuesday, approving a government deal with state-run oil company Petroleo Brasileiro SA to settle a years-old dispute. The full Senate is also expected to vote later on Tuesday on the bill on dividing proceeds from the blockbuster... Continue Reading →
PETROBRAS AND PPSA SIGN AGREEMENT THAT WILL RENDER R $ 210 MILLION TO THE UNION
Oct 15, 2019 Petrobras and Pre-sal Petróleo SA (PPSA) signed a document of expenses and volumes equalization for the Tartaruga shared oil field in the Campos Basin. As a result of the contract, the Union will receive about R $ 210 million from Petrobras. The funds will go into the National Treasury single account by... Continue Reading →
Brazil Energy Insight 