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Australia’s Karoon has taken the Final Investment Decision to proceed with the development of the Patola project located offshore Brazil. Following the first production, expected in 2023, the project will more than double Karoon’s current production rates. The Patola field is located within the 100 per cent Karoon-owned and operated BM-S-40 Production Licence in the Santos Basin,... Continue Reading →
Oil and gas company Karoon Energy has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the Maersk Drilling-owned semi-submersible rig Maersk Developer. The work is expected to start in the second half of 2022, in direct continuation of the rig’s previously... Continue Reading →
(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) today has been awarded its first integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract in Brazil by Karoon Energy (ASX:KAR) for the Patola field development. The contract covers engineering, procurement, construction and installation of subsea trees, flexible pipes and umbilicals. The project will take place at water depths of 300 meters... Continue Reading →
Despite projected demand recovery post-2020, the global offshore support vessel (OSV) market continues to face a utilization challenge, a joint research by Braemar ACM Shipbroking (Braemar) and Westwood Global Energy Group has shown. According to the press statement released Wednesday, over the course of 2020, estimates for total utilization for the global OSV market fell... Continue Reading →
Norwegian offshore vessel owner Siem Offshore has won a contract for its Siem Dorado multi-purpose support vessel in Guyana. Siem Offshore said the contract was for 55 days firm, in addition to mobilization and demobilization fees, with extension options included. It did not say who the client was. The work scope will consist of fiber... Continue Reading →
(PetroNoticias) The week is coming to an end with a result long awaited by the Brazilian chain of offshore service providers. Petrobras opened the proposals of the companies that competed in the mega bid for the maintenance and repair of several platforms in the Campos Basin. The tender offered four lots with a reference budget... Continue Reading →
Australia’s Karoon Energy has received a dispute notice from a partner in its operated Block Z-38, offshore Peru, due to an alleged breach of obligations related to the drilling of a second exploration well on the block. Karoon’s wholly-owned subsidiary, KEI (Peru Z‐38) Sucursal del Peru, owns a 40 per cent operating equity interest in... Continue Reading →
Marine seismic contractor Shearwater Geoservices has awarded subsea support vessel operator DOF Subsea contracts a vessel and an ROV contract for seismic support work in Brazil. DOF Subsea's Skandi Neptune vessel will support Shearwater's Ocean Bottom Node seismic campaigns on Petrobras' Jubarte, Tupi, and Iracema fields offshore Brazil. The Skandi Neptune, currently in Norway, is... Continue Reading →
U.S.-based oil company Talos Energy, working on a unitization agreement for the giant Zama offshore oil discovery in Mexico with the Mexican oil company Pemex, hopes the final solution will see the company lead the development of the field as the operator, and that the parties would realize "true percentages" in the Zama field. Talos... Continue Reading →
Subsea Integration Alliance, a partnership between OneSubsea and Subsea 7, has awarded offshore cable firm Nexans a contract to deliver umbilicals for Equinor's Bacalhau project offshore Brazil. Under the contract, Nexans will design, manufacture and deliver 44 km of steel tube umbilicals and accessories for Equinor's Bacalhau ultra-deepwater oil field development project. Equinor’s offshore project in... Continue Reading →
Brazil Energy Insight 