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The Government of Peru has approved Tullow Oil’s entry into country’s two offshore licenses, Z-38 and Z-64. Tullow and Karoon plan to drill an exploration well in license Z-38 in early 2020. Tullow Oil in January 2018 agreed terms to add six new licenses covering 28,000 sq km offshore Peru to its portfolio. Tullow agreed... Continue Reading →
Rio de Janeiro, June 25, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release dated June 13, 2019, informs that it will hold a new round of final offers for the sale of Enchova and Pampo clusters, a set of producing fields located in the Campos Basin. This new round aims to... Continue Reading →
June 25, 2019 Petrobras has disqualified the Bluewater / Saipem consortium to bid for an FPSO charter for Parque das Baleias, keeping Yinson as the only competitor. The result of the qualification process was disclosed by the oil company on the 21st of June, after more than three months of analysis of the proposals. The... Continue Reading →
Drilling campaign is the first of the oil company as operator in the pre-salt June 24, 2019 Total E & P started the drilling of injection and production wells in the Lapa field, pre-salt of the Santos Basin. Four to six new wells are planned, which will be interconnected to the FPSO Cidade de Caraguatatuba.... Continue Reading →
June 25, 2019 The technical area of the Administrative Council for Economic Defense (Cade) recommended the approval, without restrictions, of Petronas' entry into the Espadarte and Tartaruga Verde projects operated by Petrobras in the Campos Basin. The decision is part of an opinion signed by Alexandre Cordeiro Macedo, Superintendent General of Cade. Petrobras announced in... Continue Reading →
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 →
