Statoil announced the purchase of 50% participation in two blocks in the Espirito Santo Basin, BM – ES 40 and 41, from OGX and Sinochem. Statoil will operate the blocks jointly with Perenco (50%), a UK based independent operator. Statoil now holds 11 oil concessions in Brazil, 7 in the Espirito Santo Basin. Last year... Continue Reading →
ANP oil exploration auctions may raise R $ 4.5bn in 2017
Press Release / Fernando Coelho Filho Fernando Coelho Filho, Minister of Mines and Energy, said today (12) that the government expects to raise between R $ 3.5 billion and R $ 4.5 billion with the completion of the 14th round of bidding for oil and natural gas exploration blocks and the second Round... Continue Reading →
Halliburton pens deepwater tech deal with Petrobras
Halliburton pens deepwater tech deal with Petrobras | Offshore Energy Today zoom Oilfield service provider Halliburton has signed a technology cooperation agreement with Brazilian oil company Petrobras for advanced collaboration in deepwater pre-salt and mature fields. Halliburton said that the multi-year agreement would facilitate the development of innovative solutions in geophysics, drilling and completions, reservoir... Continue Reading →
Platform for Libra is only feasible with flexibility of local content, says Petrobras
The consortium of the promising pre-salt Libra area in the Santos Basin needs to be released from the current local content obligation so that the pilot platform for the project, scheduled for 2020, will be tendered, according to Solange Guedes, Petrobras Exploration and Production director. The executive is confident in a waiver from the... Continue Reading →
Petrobras reaches its production target for the second consecutive year and achieves new historical record
Rio de Janeiro, January 11, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that the Company’s average oil production in Brazil reached an annual historical record in 2016, at 2.144.256 barrels per day (bpd), 0.75% above the results for the prior year and in line with the 2,145 thousand bpd target forecast for the... Continue Reading →
Petrobras and Repsol Sinopec return concession of the Piracucá field
Publication in the Federal Official Gazette indicates the return by Petrobras and Repsol Sinopec do Brasil of the oil and natural gas exploration and production concession for the Piracucá field. The field, located in shallow waters of the Santos Basin, was acquired by the companies in the second round of ANP bids in 2000,... Continue Reading →
SIEM OFFSHORE RECEIVES SECOND WELL INTERVENTION VESSEL THAT WILL ACT IN BRAZIL
Dec 27, 2016 Siem Offshore took delivery of the second intervention tanker of its fleet. It is the Siem Helix 2, which will now join the Siem Helix 1 - both chartered by the US-based Helix Energy Solutions. The US company will provide offshore well intervention services in Brazil to Petrobrás. Siem Helix 2... Continue Reading →
Petrobras and Total advance their strategic alliance with new agreements
Rio de Janeiro, December 21, 2016 - Petróleo Brasileiro S.A. - Petrobras informs that today it signed a Master Agreement with the French company Total, in connection with the Strategic Alliance established in the Memorandum of Understanding executed on 10/24/2016, as previously announced to the market. Entering into strategic partnerships is an important part of... Continue Reading →
Benthic ‘prodding’ at Petrobras’ Libra field (Brazil)
Brazil’s Petrobras has hired Benthic, a geosciences company, to carry out an offshore geotechnical investigation in the Libra field, offshore Brazil. Benthic’s PROD (Portable Remotely Operated Drill) will perform in-situ testing and sampling to a maximum penetration depth of 80 meters below the mudline, in water depths ranging from 400 to 2,300 meters. Following data collection, Benthic will... Continue Reading →
ANP EXTENDS FRADE FIELD CONCESSION UNTIL 2041
Chevron, which is in prolonged silence in Brazil, got good news from the ANP: the extension of the concession contract for the Frade field in the Campos Basin until 2041, while the previous agreement went only until 2025. The US company operates the area, with a 52% stake, and had a major setback in... Continue Reading →
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