Brought to you by Quest Offshore & Southern Cone Consultants
November 21, 2019 Impact of Campos Basin redevelopment on production, royalties and employment was discussed during the public hearing. With a little over 40 years of operation, the Campos Basin faces a drop in production. It has already been responsible for over 80% of national oil activity. Today, the Campos Basin is responsible for 48%... Continue Reading →
Brazil's state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday. The major shift to deep offshore areas will correspond with onshore exploration and production falling to 10% of Petrobras' activities... Continue Reading →
Multi-client geoscience data provider TGS has decided to expand the Malvinas 3D multi-client seismic program offshore Argentina. The survey will now employ two Shearwater-owned vessels instead of only one. Back in September 2019, Shearwater was awarded a large survey in South America. At the time, the name of the client was left unknown. The company said... Continue Reading →
Dutch floater specialists, SBM Offshore—the company that has secured a contract with ExxonMobil Guyana, for the construction of several Floating, Production, Storage and Offloading Vessels (FPSO)—has reported double digit profit margins, earning more than $1.4B already for this year. This, in addition to a still to be accessed loan facility for another US$1.1B—the good news... Continue Reading →
Australia-based Karoon Energy has executed binding agreements with drilling contractor Stena Drilling and oil company Tullow Oil to contract the Stena Forth drillship for Karoon’s Marina-1 exploration well located offshore Peru. As previously reported, Karoon started tendering for a drilling rig to drill the Marina-1 well in March 2019. The Stena Forth has been contracted to drill... Continue Reading →
November 14, 2019 Petróleo Brasileiro S.A. - Petrobras reports that today it started up oil and natural gas production at platform P-68 in the Berbigão field, in the Santos Basin pre-salt. Following P-67, in the Lula field, and P-76 and P-77, in the Buzios field, P-68 is the fourth unit to start up in 2019,... Continue Reading →
Remote operated vehicles (ROV) have become standard workhorses for the offshore industry, providing vital support to underwater operations, from drilling to servicing the latest subsea processing technologies. But, they’re now undergoing a transformation. Continue reading
Nov 14, 2019 Petrobras has launched a tender for contracting offshore platform maintenance services, which include the Buzios field units, in the pre-salt of the Santos Basin. - Lot A provides services for the P-74, P-75, P-76 and P-77 FPSOs, all owned by Petrobras, with a production capacity of 150 thousand barrels / day, in... Continue Reading →
UK oil company Premier Oil has extended the bid deadline for its interest in the giant Zama field offshore Mexico as “to accommodate levels of interest,“ for which Premier says are significant. The Zama discovery – dubbed one of the largest shallow-water finds in decades – was made in 2017 by the U.S. oil company... Continue Reading →
Italian oilfield contractor Saipem has been awarded a subsea contract by ExxonMobil for the proposed Payara development project located in the Stabroek block offshore Guyana at a water depth of around 2000 metres. The contract scope includes subsea structures, risers and flowlines, Saipem said on Thursday. Saipem was earlier awarded subsea contracts for the first... Continue Reading →
