Rio de Janeiro, September 29, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Heads of Agreement (HoA) with the Norwegian company Statoil, in continuity to the Memorandum of Understanding signed in 8/30/2016, through which the companies committed themselves to assessing cooperation opportunities aligned with their business strategies. Under this agreement,... Continue Reading →
Keppel delivers FPSO for Petrobras’ Tartaruga fields
Keppel FELS Brasil’s BrasFELS shipyard has handed over the Cidade de Campos dos Goytacazes MV29 FPSO to MODEC. The floating production storage and offloading unit left the shipyard recently for the Bananal Bay in Brazil. It will subsequently be deployed in the Petrobras-run Tartaruga Verde and Tartaruga Mestiça Fields, in the Campos Basin, located about... Continue Reading →
Exxon’s big bet on Brazil oil could signal major pre-salt role
Exxon Mobil Corp’s big bet on Brazil’s offshore Campos basin shows its willingness to pay up to replenish its reserves and may pave the way for hefty bids in October auctions in the country’s rich pre-salt areas, analysts said. Marking a return to Brazilian exploration after a five-year absence, Exxon took eight blocks in the... Continue Reading →
Petrobras – Result of the 14th Round of ANP Bidding
Rio de Janeiro, September 27, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it acquired seven blocks in the 14th Round of Bids under the Shared Production regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), six of which offshore and one onshore. The company will be the operator... Continue Reading →
QGEP farms out Sergipe-Alagoas acreage to Exxon, Murphy
Brazil’s oil company QGEP has completed two separate farm-out agreements, one with ExxonMobil and one with Murphy Oil. The farm-out agreements are for Blocks SEAL-M-351 and SEAL-M-428 located in the Sergipe-Alagoas Basin. Additionally, QGEP and its partners have been awarded blocks SEAL-M-501 and SEAL-M-503 in Wednesday’s 14th ANP Bidding Round. Read more
TechnipFMC bags Peregrino II project subsea award
TechnipFMC has been awarded an engineering, procurement, construction and installation (EPCI) contract by Statoil for the Peregrino Phase II Project in Brazil. According to TechnipFMC’s statement on Thursday, the contract covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil. Read more
Bassoe: Get ready for the deepwater revival in Brazil
The Brazilian offshore rig market will probably never see a return to its halcyon days of 2012. But these days, the market needs any increase in demand for deepwater rigs it can get, and Brazil is one of the best bets through the rest of this decade. Two factors support a positive outlook for offshore drilling... Continue Reading →
Brazil sells 37 blocks to 17 oil firms. Exxon, Petrobras JV submit largest bid
Brazilian oil and gas regulators on Wednesday held the 14th bidding round for oil and gas exploration blocks, and it broke some cash records. Namely, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) said the round, in which 20 companies took part, had the largest total signature bonus in history – over R$... Continue Reading →
Brazil’s prized Santos basin receives single bid in oil auction
Karoon Gas Australia Ltd won the block with a signing bonus worth 20 million reais ($6.3 million), but the remaining 75 blocks in the basin received no bids, oil industry watchdog ANP said. Officials expected to sell up to 40 percent of the blocks, raising 500 million reais ($157 million). Read more
Petrobras has drawn up a strategy for Brazil oil auctions
RIO DE JANEIRO (Reuters) - Petróelo Brasileiro SA has drawn up a strategy to participate in Brazil’s three upcoming oil auctions this year, as a declining debt burden has increased the state-controlled oil producer’s firepower, Chief Executive Officer Pedro Parente said on Wednesday. Petrobras will participate in auctions in which the government will offer areas... Continue Reading →
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