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The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico. Unsurprisingly then, the fleet operates in regions with high numbers of installed subsea... Continue Reading →
Aug 11, 2020 Petrobras published today (11) a tender for the chartering and provision of operating services for at least one or even two high-specification offshore drilling rigs for operation in water depths of up to 2,400 meters. The contract term to be awarded to the winner of the tender will be three years. The... Continue Reading →
August 10, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake in the BM-S-51 concession with hand-over the operation, located in the Santos Basin, in the pre-salt polygon. The concession is located at water depths ranging from... Continue Reading →
August 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated July 29, 2020, informs that today it paid Fundação Petrobras de Seguridade Social (Petros) R$ 950 million, regarding the full amount of the agreement with Petros on the arbitral dispute related to the investment in Sete Brasil. The agreement extinguished the dispute... Continue Reading →
Just as the oil and gas industry was starting to get back on its feet, COVID-19 and plummeting oil prices have affected the market across the board, including well intervention. But players in this space are optimistic, with new vessels and more compact intervention systems being planned and hopes that production enhancement will be an... Continue Reading →
Aug 10, 2020 Odebrecht, the parent company of petrochemical Braskem, began the process of selling all of its shareholding in the company. The information was released this weekend, in a document sent to the Securities and Exchange Commission (CVM). “ODB [Odebrecht] started preparatory steps to structure a private sale process of up to the totality... Continue Reading →
Aug 10, 2020 The board of the National Petroleum Agency (ANP) approved the review of the Discovery Assessment Plans (PADs) of the Farfan and Barra wells, in the Sergipe-Alagoas basin, operated by Petrobrás. The regulatory agency determined the replacement of the firm commitment to execute the Long-Term Test (TLD) of well 3-BRSA-1178D-SES for 180 days... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has started the non-binding phase, referring to the sale of its entire stake in the Atum, Curimã, Espada and Xaréu shallow waters fields (Ceará Cluster) , located in the State of Ceará. Potential buyers qualified for this phase will receive instructions on the divestment... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/01/2020, announces the beginning of the binding phase regarding the sale of its stake (35%) in the Manati field, a shallow water offshore production located in the Camamu Basin, in the state of Bahia. Potential buyers qualified for this phase... Continue Reading →
August 7, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that it achieved record sales for the S-10 Diesel in the Brazilian market. The Company sold 1.78 million m³, 12.7% higher than the previous record in July 2019, when sales reached 1.58 million m³. The sales record for the S-10 Diesel reflects the rapid commercial... Continue Reading →
