Petroleo Brasileiro SA is marketing offshore oil and natural gas fields worth as much as $2 billion as part of its plan to sell assets and pay down debt, said two people familiar with the matter. Three fields -- Bauna, Golfinho and Tartaruga -- are for sale, said one person, who asked not to be... Continue Reading →
Maersk Drilling CEO Ready to Buy Used Rigs In Pricing Rejig
Maersk Drilling is looking into buying used oil rigs to take advantage of low prices and the financial clout of its parent, A.P. Moeller-Maersk A/S. Claus Hemmingsen, the division’s chief executive officer, says the market collapse has created new opportunities and means Maersk Drilling may shift away from a pattern over the past two decades... Continue Reading →
P-61 Output Below Expectations
The platform has completed a full year of production in Papa-Terra and is producing only 2,500 b/d [15.03.2016] / By Gabriela Medeiros/Brazil Energy P-61 platform and the P-63 FPSO, in the Para-Terra field, which, in total, is producing 16,000 b/d Petrobras is having a hard time increasing the production of the Papa-Terra field, which produces... Continue Reading →
Special Committee For The Pre-Salt Is Installed
The Chamber of Deputies has created a committee to discuss projects, such as providing for the end of Petrobras pre-salt sole operation. Members will elect a Chair tomorrow [15.03.2016] / By Camila Claro/Brazil Energy The Chamber of Deputies installed today, March 15, a Special Committee that will discuss projects relating to the pre-salt layer that... Continue Reading →
Brazil Will Have US$ 17 B In FPSO Contracts
Modec says that the country will have the most new orders and 35% of the global market over the next five years; firm highlights future increase in the FLNG segment in Brazil [15.03.2016] / By João Montenegro/Brazil Energy Brazil will account for 35% of the new orders for FPSOs worldwide over the next five years,... Continue Reading →
New Traces Of Oil In Libra
Petrobras reports second evidence of oil in the 3-BRSA-1322-RJS well in the Santos pre-salt layer [11.03.2016] / By Gabriela Medeiros/Brazil Energy Petrobras registered finding traces of oil while drilling the 3-BRSA-1322-RJS well in the Libra area in the Santos Basin pre-salt layer. This was the second time the company reported traces of oil during the... Continue Reading →
Statoil Drills The Longest Horizontal Well In Brazil
In the Campos Basin’s Peregrino field, the oil company drilled a well 8,080 m long in total. The Norwegian firm intends to drill 10 wells in a new area of the field's reservoir [07.03.2016] By Gabriela Medeiros/Brazil Energy The production in the Peregrino field is carried out using two WHP's and the FPSO Peregrino Statoil... Continue Reading →
Pre-Salt Unitized Areas Auction To Be Held In 2017
The areas where unitization agreements are being negotiated by the PPSA In 2017, the Brazilian federal government plans to hold an auction for unitized areas in the Campos and Santos Basins. This information came from Marco Antonio Martins Almeida, Secretary of Oil and Gas at Brazil's Ministry of Mines and Energy, while he was attending... Continue Reading →
Shell says to start new exploration phase in BC-10 Brazil field
Mar 8, 2016 A passenger plane flies over a Shell logo at a petrol station in west London, in this January 29, 2015 file photo. REUTERS/TOBY MELVILLE/FILES Royal Dutch Shell will start in coming days a new exploration phase in the BC-10 project off the coast of Brazil, where it has already invested more than... Continue Reading →
Total Plans Hunt for `Elephant’ Oil Find Off Uruguay’s Coast
France’s Total SA is weeks away from drilling one of its most important offshore exploration wells in the Americas this year as it hunts for a giant oil field in Uruguayan waters. "There could be an elephant out there. This is what we’re chasing," Christian Tichatschke, Total’s exploration director in Uruguay, said in an interview... Continue Reading →
