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Aug 14, 2019 A study by Brazil Petroleum Studies (BPS) and Spectrum / TGS identified reservoirs with up to 450 million boe in the Pernambuco-Paraíba Basin. The volume is similar to discoveries such as Barra, in Sergipe-Alagoas (500 million boe), and Pitu, in Rio Grande do Norte (640 million boe). The analysis, which consisted of... Continue Reading →
The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a great degree by Brazil, according to Norwegian energy research and consultancy firm Rystad Energy. South America leads the pack with 12 sanctioned FPSO projects planned... Continue Reading →
High-impact exploration drilling activity increased substantially in the first half of 2019 with 51 exploration wells completed, compared to 36 in the same period in 2018. It’s back to gas though, with gas discoveries up and oil down on 2018, according to market research provider Westwood Global Energy Group. The largest oil discoveries are considered... Continue Reading →
Norwegian vessel owner Solstad Offshore has been awarded contracts for its vessels by Total and Equinor for operations in Brazil. Solstad said on Wednesday it had entered into a contract with Total E&P do Brasil for charter of a platform supply vessel for 13 months firm. Total has the option to extend the charter with... Continue Reading →
This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest. In 2015, ExxonMobil made what one of its executives described as a “fairy tale” discovery in the vast Stabroek exploration block off the Guyanese coast. Since then, it’s found so much oil that by... Continue Reading →
August 13, 2019 Shell found evidence of hydrocarbons in the southern area of Gato do Mato, in the Santos Basin pre-salt. The discovery came from the 3-SHEL-30-RJS well, whose drilling began a little over a month ago with the Constellation Brava Star rig in a water depth of 2,067 m. The southern block of Gato... Continue Reading →
August 12, 2019 Petrobras has begun environmental licensing to carry out a proprietary 4D seismic data acquisition mega-campaign with Nodes and to implement a permanent monitoring system in Santos Basin pre-salt areas. The campaign will involve 11 pre-salt areas with a minimum coast distance of 146km and a depth of operation between 1,300 and 2,500m:... Continue Reading →
Aug 12, 2019 Líder Aviação and Petrobras signed the helicopter charter contracts for logistic support in the Campos, Santos and Espírito Santo basins. The aircraft will be used for air transport to offshore platforms, with scheduled start-up between this and next year. The company will supply eight large and medium-sized aircraft, five of them S92A... Continue Reading →
Aug 12, 2019 The ANP extended the exploration phase of Brasoil's FZA-M-254_R11 concession for two years, with the first exploratory period being effective until 08/02/2021, and the second exploratory period, if any, effective until 02/02/2014. 08/2024. Petrobras bids hiring up to six ROVs Petrobras has opened a bid for hiring up to six ROVs, with... Continue Reading →
Tullow Oil has made an oil discovery at its Jethro-1 exploration well, drilled on the Orinduik license offshore Guyana. The Jethro-1 was spud in early July, using the Stena Forth drillship. It was drilled to a Total Depth of 4,400m meters in approximately 1,350 meters of water. Tullow said on Monday that evaluation of logging... Continue Reading →
Brazil Energy Insight 