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(oilnow.gy) Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana surged ahead, Suriname is moving with caution. Guyana’s momentum was driven by multiple factors: a stable investment climate, a business-friendly... Continue Reading →
The National Petroleum Agency (ANP) published the new versions of the notice and contracts for the Permanent Production Sharing Offer (OPP). One of the new features was the exclusion of the Mogno block, as it is located outside the Brazilian Exclusive Economic Zone, where there are still no guidelines applicable to the production sharing regime.... Continue Reading →
(oilnow.gy) Since ExxonMobil’s historic Liza discovery in 2015, the Stabroek Block offshore Guyana has yielded a string of world-class oil finds. While Liza remains the biggest discovery to date, several subsequent wells have encountered major oil-bearing reservoirs. Here is a ranking of the top discoveries after Liza, based on the thickness of high-quality oil or... Continue Reading →
(PN) British company BP has taken new steps in its exploratory activities in Brazil. This week, the company began drilling the wildcat well 1-BP-13-SPS, in the Bumerangue block, in the pre-salt layer of the Santos Basin. The activity is being carried out in a water depth of 2,372 meters with the drillship Valaris Renaissance. The... Continue Reading →
(oilnow.gy) Wood Mackenzie projects that the three exploration prospects currently being developed in Suriname’s offshore basin this year hold a combined total of approximately 900 million barrels of oil equivalent (mmboe). The wells are Macaw-1, Korikori-1 and Akaru Deep-1; each hold 300 mmboe. Macaw-1 is in Suriname’s Block 64. Spanning 6,262 km² and located 250... Continue Reading →
(PN) The National Petroleum Agency (ANP) is advancing preparations for the next auction of the Permanent Concession Offer, which will be held on June 17. The regulatory agency reported that 12 companies presented declarations of interest and offer guarantees for the 16 sectors that will be offered in the event. In addition, the agency also... Continue Reading →
(Reuters) - Brazilian environmental agency Ibama said on Monday it approved Petrobras' concept of an emergency plan to assist local fauna in case of an oil spill in the Foz do Amazonas basin, putting the firm closer to a license to drill in the area. The move allows Petrobras (PETR4.SA), opens new tab to conduct a simulation... Continue Reading →
(OE) Perenco Trinidad & Tobago (T&T), as the operator of the Teak, Samaan and Poui (TSP) fields, has found gas as part of a drilling campaign at the Onyx field, offshore Trinidad and Tobago. The two legs, at the Onyx well and sidetrack in the eastern part of the Onyx field, encountered significant columns of natural gas... Continue Reading →
(PN) Petrobras' Director of Exploration and Production, Sylvia dos Anjos, detailed the company's next steps in Brazil and abroad during a press conference. One of the company's focuses continues to be the Aram area, in the pre-salt layer of the Santos Basin, where two new drillings are planned, following the second discovery of oil in... Continue Reading →
(Reuters) Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining oil production, according to two documents and four sources, as it struggles to reach an ambitious government target. Pemex said in a filing to the United States Securities and Exchange Commission... Continue Reading →
Brazil Energy Insight 