Brought to you by Quest Offshore & Southern Cone Consultants
Qatar Petroleum is further expanding its international reach as it has signed a deal with Total for a share of rights in two blocks offshore Guyana. The Qatari national oil and gas firm will take hold of 40% of Total’s existing 25% participating interest in the Tullow-operated Orinduik block. Tullow Oil owns a 60% participating... Continue Reading →
Dutch Heerema Fabrication Group has performed the last roll-up of the jacket structure for Equinor’s Peregrino C platform – to be installed at a location offshore Brazil – at its Vlissingen yard in the Netherlands. The Equinor-operated Peregrino oil field is located in licenses BM-C-7 and BM-C-47, approximately 85km offshore Brazil, in the Campos basin,... Continue Reading →
Brazil’s state-run oil firm Petroleo Brasileiro SA cut its 2019 production target, sending its shares lower on concerns about how quickly the firm will be able to ramp up production. Petrobras, as the firm is known, now expects output to average 2.7 million barrels of oil equivalent per day (boepd), in line with 2018, scrapping... Continue Reading →
July 25, 2019 Bidding conducted under the reverse auction system is postponed and remains undefined. Almost six months after the original receipt of the proposals, Petrobras' bid for the chartering of up to three anchored rigs remains open. Lot 1 - geared to two units for 750 m of water depth - had its commercial... Continue Reading →
July 25, 2019 The ANP approved the revision of the Pitu well discovery discovery plan (PAD) 1-BRSA-1205-RNS, called Pitu, in the POT-M-853 and 855 deepwater blocks of the Potiguar Basin. The asset exploration phase, which would end on the 15th, was extended to August 2020, while the discovery evaluation period was also extended by one... Continue Reading →
July 25, 2019 In an interview, the company's CEO Tim Hosking details plans for Bauna, Neon and Goia and confirms intention to expand presence in the country. Almost three years after the injunction that suspended Karoon's purchase of the Baúna field, the Australian oil company was finally able to acquire its first production asset in... Continue Reading →
July 25th, 2019 We had a solid operating performance in 2Q19, especially in the pre-salt fields, which accounted for 57% of our oil production. In May, we completed ten years of pre-salt production in the Santos Basin, with efficiency and productivity indicators above the offshore industries average. In just one decade, the accumulated operated production... Continue Reading →
Brazilian oil company Petrobras is seeking to auction off a 2010-built ultra-deepwater drillship. The company is planning to sell the Vitoria 10000 drillship via an international electronic auction in September. The Vitoria 10000 is a sixth-generation drillship built by Samsung, under the Samsung 10000 design. The rig – initially owned by Schahin – later renamed to... Continue Reading →
July 24, 2019 Petrobras is expected to start drilling a well in the Sagitario prospectus next quarter, Repsol said in its financial report released Wednesday. The initial forecast was that the activity would take place in the second quarter, but the schedule was postponed. Sagitario was awarded in the seventh round of ANP bids to... Continue Reading →
July 24, 2019 Another important pre-salt project is starting to move forward. Petrobras recently published the call for charter for the FPSO to be used in Itapu, in the Transfer of Rights area. Bid opening is scheduled for December 22 this year and international bidding will be by closed envelop mode. The charter agreement will... Continue Reading →
Brazil Energy Insight 