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Integrated subsea contracts took center stage in 2019 and had a breakout year with 20 such contracts signed, representing a record-high of over 150 subsea trees awarded under such deals. "After hitting rock bottom in 2016, the subsea equipment market has gradually recovered, reaching over 300 awards of subsea trees in both 2018 and 2019... Continue Reading →
February 21, 2020, The ANP Board approved yesterday (2/20) the first reduction in the royalty rate on the incremental production of a mature field, as provided for in ANP Resolution No. 749/2018. The incentive was granted to Campo de Polvo, in the Campos Basin, operated by the company PetroRio, within the scope of the approval... Continue Reading →
Norwegian marine survey company EMGS is looking at options after Mexico's Pemex said it wouldn't award any more work "in the medium future" under a contract announced in 2019. EMGS expects the decision will have a "material detrimental effect" on its business. "Electromagnetic Geoservices ASA...has been advised by the customer that the company will not,... Continue Reading →
Australia’s Karoon Gas has failed to find oil in the Marina‐1 exploration well, located in Block Z‐38 Tumbes Basin offshore Peru. The well is being drilled using the Stena Forth drillship, which arrived to Peru in early Janaury. It was spud in late January. By February 17, the Marina well reached a depth of 1654m MD. Initial results from... Continue Reading →
Feb 12, 2020 Equinor's goal of reducing carbon emissions by 2.2 million tonnes between 2021 and 2040 in Peregrino and Pitangola fields in the Campos Basin has just received an important nod. The National Petroleum, Natural Gas and Biofuels Agency (ANP) authorized changes to the Development Plan for the fields. With this, it will be... Continue Reading →
Aquaterra Energy, a provider of offshore engineering solutions, has secured a “significant” agreement from Chevron to design and support the installation of the Sea Swift offshore platform solution off the coast of Angola. Aquaterra said on Tuesday that the deal from Chevron was awarded through the oil major’s wholly-owned subsidiary in Angola – Cabinda Gulf... Continue Reading →
Preliminary results from the shallower sections of Karoon’s Marina exploration well, located offshore Peru, have shown disappointing results, but the work goes on to reach the deeper primary targets. The well is being drilled using the Stena Forth drillship, which arrived to Peru in early Janaury. The well was spud in late January. In an update on Tuesday, Karoon... Continue Reading →
Australia-based Searcher Seismic has completed its offshore Peru OpenSeis 2D & 3D seismic dataset as part of its offshore Peru multi-client campaign. The ‘Offshore Peru OpenSeis Seismic Dataset’ consists of both 2D and 3D vintage seismic data which has been rectified in a post-stack reprocessing method. The data package comprises of 44,389 kilometers of 2D... Continue Reading →
The worldwide offshore rig count in January 2020 has dropped by 14 units sequentially, but rose by two units year-over-year, according to a rig count report by Baker Hughes Company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. The international rig count for January 2020 was... Continue Reading →
Feb 6, 2020 Oil company will quote for the campaign in the Baúna field, in the Santos Basin Karoon will launch, in the coming weeks, a bid for the charter of a rig anchored in Brazil. The drilling unit will be used in the Baúna project, in the Santos Basin, for a period of six... Continue Reading →
