Dutch FPSO specialist SBM Offshore has raised the expected revenue forecast for the full year 2017 on the back of the gradual recovery seen in the oil and gas industry. “As expected, the industry is witnessing a gradual recovery. Although significant decreases in project break-even prices are making deep water more competitive, our clients remain... Continue Reading →
Suretank Brazil and Pinamak close partnership to transport chemicals to platforms
09/08/2017 Suretank Latin America has entered into a partnership agreement with Pinamak in the quest to reduce operating costs in transporting chemicals to offshore platforms in Brazil. The partnership between Suretank, a leading manufacturer of offshore chemical tanks, and Pinamak, an offshore logistics company with a long-term presence in the Campos Basin, marks a... Continue Reading →
Petrobras CEO: Pre-salt oil extraction costs $8 per barrel
Oil extraction in Brazil's promising pre-salt offshore wells costs about $8 per barrel, Petroleo Brasileiro SA Chief Executive Officer Pedro Parente said at an event in Sao Paulo on Tuesday. Discovered only 10 years ago, the pre-salt area has rapidly become the top priority for Petrobras and other oil majors holding exploration rights to some... Continue Reading →
Spanish Repsol indicates interest in the 14th round of bidding, says ANP
The oil company Repsol Exploración indicated interest in participating in the 14th Round of bidding for exploratory blocks of oil and natural gas in partnership with other bidders, the National Oil, Natural Gas and Biofuels Agency (ANP) said on Thursday. According to the regulatory agency, Repsol's areas of interest are in the Campos, Espírito Santo,... Continue Reading →
Scheduled shutdown of the P-58 platform in the Campos Basin is completed by Elfe
08/03/2017 Parque das Baleias in the Campos Basin. Petrobras held a scheduled 20-day shutdown on the P-58 platform, the largest unit of the oil company in production volume. According to technicians from Elfe, the company responsible for the shutdown, the services of improvements in the design of the platform were carried out successfully. The P-58 is installed in... Continue Reading →
Queiroz Galvão to start production in 2018
Thursday, 03 August 2017 Queiroz Galvão Exploration and Production (QGEP) plans to start its first deep-water oil production in early 2018 at the Atlanta Field, in the post-salt area of the Santos Basin. The delay in the project, according to QGEP CEO Lincoln Guardado, is due to the delay in the execution of the... Continue Reading →
ION in new reimaging program off Brazil
ION Geophysical Corporation on Tuesday announced a new 3D multi-client broadband reimaging program offshore Brazil. Supported by industry funding, the Picanha program provides a regional 3D framework that delivers fresh insights into the complex Campos and Santos basins’ petroleum systems ahead of upcoming license rounds, the company said. By using ION’s latest broadband processing and... Continue Reading →
Delay in issuing environmental licenses may affect the ANP auction result
With the main items on the agenda of the oil sector - including the end of Petrobras' obligation as a pre-salt operator, the flexibilization of local content requirements and government signaling of the extension of the special customs regime Repetro - Companies in the sector now fall on environmental licensing. In the opinion of experts,... Continue Reading →
Karoon enters deal with DEA for work in Brazil
07/31/2017 By Rick Wilkinson OGJ Correspondent Melbourne-based Karoon Gas Australia Ltd. has entered into agreements with German company DEA Deutsche Erdoel AG to review and evaluate and, if appropriate, jointly bid for oil and gas assets in selected areas offshore Brazil. As part of the arrangements, an exclusive option has been granted to DEA for the acquisition of a... Continue Reading →
PROBLEMS ON THE CHRISTMAS TREE FORCES OGX TO CLOSE TUBARAO MARTELO’S WELL UNTIL A SOLUTION IS FOUND
A pressure drop on the wet Christmas tree detected by OGX at 7-TBMT-8HP, which operates at the Tubarao Martelo well, halted production. The submerged centrifugal pump was shut down and the well closed, in order to avoid possible damages. After waiting for an increase in the pressure, which would facilitate the process of resumption of... Continue Reading →
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