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June 24, 2019 EPIC Applied Technologies presented the lowest bid price to decommission the three fixed platforms of the Cação field, in the Campos Basin. The offer was US $ 30.1 million, 20% lower than that proposed by second-placed William Jacob Management (US $ 37.8 million) With headquarters in Houston, Texas, EPIC operates in the... Continue Reading →
June 24, 2019 ANP evaluates the renewal of the Roncador contract in the Campos Basin operated by Petrobras in partnership with Equinor (75% -25%), which became a partner in 2018. The extension of contracts implies the approval of new investment in the fields. - Roncador is one of the largest fields in the country, with... Continue Reading →
Deepwater and tight oil are two of the upstream sector’s great growth themes, but are often considered to be at opposite ends of the development spectrum, according to energy intelligence group Wood Mackenzie. Deepwater represents large, expensive and complex long-cycle projects best suited to Big Oil. In contrast, tight oil offers flexible short-cycle opportunities more... Continue Reading →
June 21, 201 The ANP rejected a request made by Petrobras and Equinor to extend the terms of the contracts for the 11th round in blocks ES-M-596, ES-M-598, ES-M-671, ES-M-673 and ES- 743, in deep waters in the Espírito Santo Basin. The oil companies were demanding the extension of the 60 day deadline established by... Continue Reading →
June 21, 2019 The ANP has accepted a request from Enauta and will grant 282 days for the first exploratory period of the FZA-M-90 block in the Foz do Amazonas Basin and 340 days for the PAMA-M-265 and PAMA-M-337 blocks in the Pará-Maranhão. The oil company claimed more time to develop the asset, due to... Continue Reading →
June 19, 2019 Enauta (formerly Queiroz Galvão E & P) received the approval of the ANP for compulsory assignment of Dommo's (former OGX) participation in the Atlanta field (BS-4). The decision was taken by the agency's board on Wednesday (19). The decision is one of the steps to formalize the shares of Dommo Energia for... Continue Reading →
June 19, 2019 Operators assess how to raise mature field productivity. 42% of platforms in Brazil are over 25 years old The average recovery factor of the oil production fields in Brazil is 21%. In the Campos Basin, this percentage is even lower: 14%. The world average is 35%, which represents a gap of the... Continue Reading →
June 19, 2019 Petrobras closed the year 2018 with a negative record in terms of its nominal investment volume. The company said it had disbursed $ 13.4 billion in the period. This is the lowest volume since 2006, when the state-owned company invested about $ 15.4 billion. The market, of course, felt the impact. Petrobras... Continue Reading →
June 17, 2019 The development of Equinor's natural gas exploration and production projects in Brazil should focus on supplying the internal energy market. The evaluation is by Thiago Penna, Manager of Strategy and New Business, who participated in the third edition of the O & G Regulation International Benchmark Forum, organized by IBP and OGE... Continue Reading →
June 17, 2019 Petrobras has made its biggest discovery in the Sergipe since the pre-salt in 2006. Of six fields, it expects to extract 20 million cubic meters a day of natural gas, equivalent to a third of the total Brazilian production. Reported last month, the finding is expected to generate $ 7 billion in... Continue Reading →
Brazil Energy Insight 