Brought to you by Quest Offshore & Southern Cone Consultants
Norwegian offshore vessel provider Siem Offshore has been awarded contract extensions for two of its vessels. The unnamed charterer has exercised the first of two six-month options for each of the vessels Siem Atlas and Siem Giant. Both extensions are scheduled to start from December 9, 2019. The two vessels were previously both awarded a one-year... Continue Reading →
Dommo Energia in November 2018 executed an amendment to the OSX-3 charter agreement with the owner of the vessel, OSX 3 Leasing B.V., to extend the existing charter for a period of up to 20 years. The charter payment under the deal agreed last year was is $47.2 million per year – equivalent to a... Continue Reading →
Dec 02, 2019 The October pre-salt production increased by 4.6% over September, totaling 2.394 million barrels of oil equivalent per day (MMboe / d), with 1.905 million barrels per day (MMbbl / d) of oil and 77 , 6 million cubic meters per day (MMm3 / d) of natural gas. Compared to October 2018, the... Continue Reading →
Dec 2, 2019 The P-50 platform, which operates in the Albacora Leste field in the Campos Basin, will gain a digital twin. It is a virtual platform mockup, from which you can remotely apply ideas and actions with the potential to reduce costs and increase efficiency and safety in operations. Instead of working on the... Continue Reading →
In an update on Monday, Apache said that drilling operations on the Maka Central-1 well started in late September with an expected drill time of 30 to 60 days. This is Apache’s first of three committed wells in Block 58 offshore Suriname. The company said that, upon reaching a depth of approximately 6,200 meters, it... Continue Reading →
Nov 29, 2019 DOF Subsea reported Thursday that it has begun operations of the Skandi Commander, Skandi Chieftain and Skandi Olympia support vessels for Petrobras in the third quarter of this year. The duration of the contracts is three years, with the option of extension for two more. The vessels are RSVs, equipped with two... Continue Reading →
Each quarter more signs of market stability and industry improvements are visible with an expectation to see this trend continue, the company said. Modern harsh environment market utilization has remained greater than 95% for the full year, while there is little incremental supply entering the market, and vintage units rolling off contract are likely scrapping... Continue Reading →
Itaoca Terminal Marítimo SA (Itaoca Offshore) and logistics provider Peterson Offshore Group have formed a partnership and consulting agreement for development of the Itaoca Offshore project. The Itaoca Offshore project will be a private terminal (TUP), located in Itapemirim, in the Espírito Santo (ES) state in southeast Brazil, designed to provide logistical support to the... Continue Reading →
This year, ExxonMobil announced its 11th and 12th oil finds in the small South American country of Guyana. The estimates of recoverable crude in the country now stand at roughly 5 billion barrels. On a per capita basis, this would put Guyana among the top 10 oil producers in the world. Whether the people of Guyana... Continue Reading →
PetroRio, a Brazilian independent oil company specialized in revitalizing mature oil fields, has excelled at using cutting edge recovery technology, and applying an efficient program of reservoir management to pinpoint mature fields with potential to increase recovery. Since 2014, PetroRio has been applying its strategy of only investing in mature field that are in production,... Continue Reading →
