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In Brazil, where the company's Safe Notos and Safe Eurus are on contracts with Petrobras, the Brazilian oil company in April asked Prosafe for a suspension of the contract for a period of up to 120 days "during which period all logistical services, fuel, and catering support will continue to be provided by Petrobras, and... Continue Reading →
May 14, 2020 UK based Premier Oil postponed the start of the drilling campaign in block CE-M-717, in the Ceará Basin, which was scheduled for July. In a note, the oil company announced the postponement of all activities in its exploration portfolio to reduce expenses, given the “current market conditions”. The company postponed all activities... Continue Reading →
May 13, 2020 Petróleo Brasileiro S.A. – Petrobras, regarding the press releases disclosed on March 18, 2019 and September 11, 2019, which announced the approval of Production Individualization Agreements (AIP) of the Lula, Atapu and Sépia joint reservoirs, in Rio de Janeiro, informs that it executedm Expenses and Volume Equalization Agreements (AEGV) with the respective... Continue Reading →
UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands. The company said the $1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions. Continue reading
Petrobras has delayed the submission of binding offers for an oilfield cluster known as Polo Garoupa for the fourth time, two sources with knowledge of the matter told Reuters, as investor appetite in Brazil's offshore oil sector rapidly dries up. With annual production of 19,600 barrels of oil equivalent per day according to bidding documents... Continue Reading →
May 12, 2020 PetroRio is eyeing the participation in the sale of Petrobras in the Manati field, a shallow water concession in the Camamu Basin whose teaser was published by the state-owned company last week. “We know the field well, so we are looking at the asset. There is the possibility of different projects in... Continue Reading →
May 12, 2020 Shell moves forward with campaign in the area of production sharing in the Santos Basin pre-salt Shell started drilling its first well in Saturno, the Santos pre-salt area, which was acquired in the 5th Production Sharing Round in 2018. Well 1-SHEL-33-RJS, called Saturno 1, was drilled in a depth of 2.069 thousand... Continue Reading →
Solstad Offshore has signed a pair of construction support vessels (CSV) to new contracts, reporting deals for CSVs Far Saga and Normand Energy. The Brazilian flagged CSV Far Saga secured a three-year contract from Petrobras. Continue reading
May 11, 2020 Petróleo Brasileiro S.A. – Petrobras confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the Albacora field. POÇO 9-BUZ-39DA-RJS Located in the Southeast area of the Búzios field, in the Santos Basin pre-salt, 210 km from Rio de Janeiro, the well... Continue Reading →
May 8, 2020 Oil company plans to drill up to three wells in the Patola discovery area, in the shallow waters of the Santos Basin Karoon submitted a project to Ibama to drill two production wells and a contingent in the area of the discovery of Patola, in the south of the Santos Basin. The... Continue Reading →
Brazil Energy Insight 