Rio de Janeiro, July 17, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in June was 2.81 million barrels of oil equivalent per day (boed), of which 2.70 million boed produced in Brazil and 113 thousand boed produced abroad. The average oil production in Brazil was 2.20... Continue Reading →
Statoil hires Seadrill drillship for drilling in Brazil
Offshore driller Seadrill has secured a firm contract for one well and one drill stem test with Statoil for the West Saturn drillship in Brazil. According to Statoil’s statement on Thursday, the exploration drilling with the Seadrill rig will be done in the BM-S-8 license in the Santos basin offshore Brazil, which contains parts of the... Continue Reading →
Brazil Oil Sector News Briefs
Investments in the Brazilian oil and gas industry have the potential to increase in coming years and reach a tenth of the world’s total capital expenditure, as the country opens up to private sector spending with a series of initiatives to attract new players and have a more diverse market. Over the past 12 months,... Continue Reading →
Apply Leirvik to construct Peregrino II living quarters for Statoil
Norway’s Apply Leirvik has been awarded a new living quarters engineering, procurement, and construction (EPC) contract from Statoil with a total value of 400 million NOK ($48 million). Apply Leirvik said that Statoil awarded the company a contract for the delivery of the living quarters module for the Peregrino II platform in the Campos Basin... Continue Reading →
Statoil takes further interest in Brazilian offshore license
Statoil and Queiroz Galvão Exploração e Produção (QGEP) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 license in Brazil’s Santos basin. The additional 10% equity will increase Statoil’s operated interest in the license from 66% to 76%. The total consideration for the transaction is $379 million. BM-S-8 includes a... Continue Reading →
Galp wants to be Statoil’s pilot fish in Brazil
Galp selected as an absolute priority in Brazil, the bidding of the North area of the Carcara field (BM-S-8), in the Santos Basin, scheduled for 27 of October. Galp is trying to convince Statoil to enter the bidding, repeating part of the consortium that owns the BM-S-8 concession. Galp is the "small fish" of... Continue Reading →
Brazil’s Petrobras, UTC at odds over services contract cancellation
Brazilian engineering firm UTC Engenharia SA and state-controlled oil giant Petroleo Brasileiro on Monday gave conflicting reasons for halting a platforms-servicing contract in the Campos Basin, in a spat that could hit operations. Petrobras, as the oil company is known, said in a press release that UTC chose unilaterally to discontinue construction services on the... Continue Reading →
Solstad Farstad’s anchor handler to do more work for Petrobras
Norway’s newly-formed OSV provider, Solstad Farstad, has been awarded a contract for one of its anchor handling tug supply vessels (AHTS) by Brazilian oil major Petrobras. According to the vessel owner’s Friday Oslo Stock Exchange filing, Petrobras awarded Solstad Farstad a one-year contract of for the AHTS BOS Turquesa. Solstad Farstad said that the contract... Continue Reading →
Pre-salt auction may have ExxonMobil, Petronas, Saudi Aramco and Gazprom in dispute of the areas
06/07/2017 | According to foreign analysts, the increase in production and the high level of productivity of Brazil's pre-salt oil blocks are expected to help the government attract investments from major international operators in the upcoming October oil auctions. US ExxonMobil, Malaysia's Petronas, and Russia's Rosneft and Gazprom should come with everything. Exxon, the world's... Continue Reading →
Petrobras – Sale of Rights to Maromba Field in Campos Basin: Disclosure of the Teaser
Rio de Janeiro, July 6, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that it has initiated the disclosure phase of the Teaser for the full sale of its stake in the Maromba Field, in the Campos Basin. In this project, Petrobras, which is the operator with 70% stake, and Chevron Brasil Petróleo Ltda., which... Continue Reading →
Brazil Energy Insight 