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(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 →
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 →
