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July 30, 2019 The ANP sees no reason for the 2019 bidding calendar to be revised, regulator Felipe Kury director said Tuesday during the 6th round of sharing and 16th round of concessions technical seminars. The statement was made in reference to questions from the Federal Court of Account (TCU) about this year's auction schedule.... Continue Reading →
Surging numbers of orders for floating production, storage and offloading vessels (FPSO) may already be straining the supply chain, including shipyards in Asia, a report out of the United States suggests. Around two dozen FPSO contracts are about to enter “decision gate”, and final investment decisions (FID) on these could yield more contracts than the... Continue Reading →
July 29, 2019 The Special Bidding Commission approved international oil companies ExxonMobil, CNOOC, Petrobras and Shell, as well as Brazilian Enauta and PetroRio, to participate in the permanent offer of exploration and production areas. There are a total of 47 registered and 12 under review. The ANP also received five area nominations, all onshore. In... Continue Reading →
July 29, 2019 Between the end of this year and the first quarter of 2020, Enauta will launch the tender for the charter of the definitive Atlanta FPSO, a deepwater field located in the Santos Basin. The oil company has not yet decided on the size of the production unit, which will have between 50,000... Continue Reading →
July 29, 2019 Karoon plans to drill one or two wells in the Patola Discovery area in the southern Santos Basin, with an investment of $ 130 million. Asset development under concession BM-S-40 is to be approved by Karoon in 2021. Patola has about 10 million barrels of recoverable resources with characteristics similar to the... Continue Reading →
(Reuters) - Brazil’s closely-watched auction of offshore oil blocks looks “very expensive” and BP (BP.L) has yet to decide if it will take part in it, Chief Executive Officer Bob Dudley said on Tuesday. “These transfer of rights, the terms are not all out there, they look very expensive,” Dudley said on an analyst call.... Continue Reading →
July 29, 2019 Brazil’s Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago. Petroleo Brasileiro SA, as the state-run oil firm is known, formally selected... Continue Reading →
July 29, 2019 ANP estimates Brazil could triple daily output over next decade and double proven reserves In addition to including new areas for oil and gas exploration in the auctions to be held in the coming years, the government wants to accelerate the ongoing bids to increase investments in the sector. According to estimates... Continue Reading →
July 26, 2019 Petrobras has launched a bid to contract engineering design, goods supply, installation and subsea interconnection services for the first wave rigid pipelines of the Buzios 5 field, in the Santos Basin pre-salt. The project implementation comprises the connection to the future FPSO of five producing wells, five injectors and an export pipeline... Continue Reading →
July 26, 2019 FPSO P-68 is expected to leave Jurong Shipyard in Aracruz (ES) only in late September or early October. The initial forecast was that the five-day trip to the Berbigão field would start on the 24th, but delays in the construction forced the revision of the schedule. Among the reasons for the postponement... Continue Reading →
Brazil Energy Insight 