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Sept 18, 2019 PetroRio plans to decommission the Polvo field between 2031 and 2032, 15 years after the estimate considered when it took over the project in 2014. The information is from the operator's Integrity engineer, Pablo Bartholo. The extension of the asset life in the Campos Basin will be possible thanks to a series... Continue Reading →
In an Industry first, the provider of classification services to the offshore industry ABS partnered with Keppel Offshore & Marine (Keppel O&M) in developing the first two new build Drilling Rigs with Smart Notations. One of the rigs, which was delivered earlier this year for work in offshore Mexico, is already online with its performance... Continue Reading →
September 17, 2019 The National Petroleum Agency (ANP) has registered Enauta, Murphy Oil, Petrogal, Petronas and Whintershall DEA in the 16th bidding round plus the same companies that participated in the 15th round, held last year. The auction will offer 36 blocks in seven sectors of five maritime sedimentary basins: Pernambuco-Paraíba, Jacuípe, Camamu-Almada, Campos and... Continue Reading →
September 17, 2019 The ANP published the announcement and the models of production sharing contract of the 6th Round of Production Sharing Bids, scheduled to be held on November 7. The documents went through public consultation and hearing, at which the Agency received 410 contributions. The 6th Production Sharing Bidding Round will offer 4 blocks... Continue Reading →
Sept 16, 2019 The government intends to make the pre-salt exploration regime more flexible by allowing blocks in these areas to be auctioned off in the concession model - in which the company owns the oil but assumes the risk of the activity, and the winner of the auction is who offers the highest bid.... Continue Reading →
Oil and gas major ExxonMobil has made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. This is the 14th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block, ExxonMobil... Continue Reading →
September 16, 2019 Petróleo Brasileiro S.A. - Petrobras reports that the P-68 platform left today the Jurong Aracruz Shipyard, heading to the Berbigão and Sururu fields, in the Santos Basin pre-salt. Production of these fields is expected to begin in the fourth quarter of 2019. In line with its 2019-2023 Business and Management Plan, P-68... Continue Reading →
Shearwater GeoServices has been awarded a 3D Isometrix seismic survey by Colombia’s Ecopetrol. This will be the first Isometrix survey in Latin America with marine acquisition starting in 4Q 2019. Shearwater said on Monday that the survey covers 2,000 sq. km of 3D seismic offshore Colombia on Ecopetrol’s Block COL-5 and will acquired by the... Continue Reading →
Oil and gas company Tullow Oil has made a second oil discovery offshore Guyana. The Joe-1 exploration well has opened a new Upper Tertiary oil play in the Guyana basin. Tullow started drilling at the Joe prospect in the Orinduik block offshore Guyana, the company’s second well in the block after the Jethro-1 well, in... Continue Reading →
Sept 13, 2019 The Agency (ANP) approved the Petrobras sale of Carapeba, Pargo and Vermelho fields, in the Campos Basin to Perenco. The deal, signed in November last year, was closed for $ 370 million, with 20% ($ 74 million) paid at the time. The remainder will be paid upon closing of the transaction, considering... Continue Reading →
