Brought to you by Quest Offshore & Southern Cone Consultants
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 →
October 31, 2019 Petróleo Brasileiro S.A. – Petrobras in addition to the press release issued on October 23, 2019, reports that the signing of the Amendment to the Transfer of Rights Agreement was postponed for tomorrow, November 1, 2019. The new signing date was approved by the company's Board of Directors, as it complies with... Continue Reading →
As global oil firms make ever-bigger bets on Brazil’s massive deepwater fields in its ‘subsalt’ area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country’s crude. The proliferation of niche players, ranging from private equity firms to domestic and international... Continue Reading →
October 30, 2019 The new oil auctions to be held by the National Petroleum, Natural Gas and Biofuels Agency (ANP) should generate demand for the installation of 50 to 60 new offshore platforms. The information was highlighted by the director general of the agency, Décio Oddone, during breakfast at OTC Brasil 2019. “All of this... Continue Reading →
Norwegian seismic services provider TGS will undertake a new 3D multi-client project offshore Argentina. TGS said on Wednesday that the Malvinas 3D survey would cover around 7,300 square kilometers of highly prospective Malvinas Basin, which saw interest during Argentina Round 1 earlier this year. The survey will employ one Shearwater vessel, with operations set to begin in... Continue Reading →
Brazil Energy Insight 