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Sept 5, 2019 Petrobras will require about 3,500 km of risers by 2023. Of this total, more than half (2,147,000 km) are still to be contracted, while 707 km have already been contracted, of which 357 km have been delivered and 283 km have contracts in progress. The figures were presented by Petrobras' General Manager... Continue Reading →
September 4, 2019 Petrobras plans to drill ten wells in five production sharing areas in about two years Petrobras will start new exploratory campaigns in the Campos and Santos Basins pre-salt in the first quarter of 2020. Work on five production sharing areas will include drilling ten wells by the second quarter of 2022. Two... Continue Reading →
Sept. 3, 2019 The Administrative Council for Economic Defense (Cade) approved, without restrictions, the acquisition by Galp Bioenergy of a 50% stake in Petrobras Biocombustíveis (Pbio) in Belem Bioenergia Brasil (BBB). With the approval, Galp becomes BBB's sole parent. The contract between the two subsidiaries was signed in early August. Headquartered in Belém (PA), BBB... Continue Reading →
02 Sept, 2019 Petrobras has made a new notification of verified evidence of oil. This time, the discovery took place in the Sergipe-Alagoas Basin, within block BM-SEAL-4, at 2,647 meters of water depth, in well 3-BRSA-1368-SES. Drilling of well 3-BRSA-1368-SES began on June 20 of this year, through the Petrobras 10,000 rig. Petrobras is the... Continue Reading →
September 3, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that in August its total oil and gas production, including natural gas liquids (NGL), was 3 million barrels of oil equivalent per day (boed), with daily production achieving 3.1 million boed, both reaching record high. In addition, the average pre-salt production (including partners share), in... Continue Reading →
Sept 3, 2019 Petrobras is receiving one of the most important awards in the petroleum and gas industry, given by the Brazilian chapter of the Offshore Technology Conference (OTC Brazil), for the series of innovations developed during the Libra Long Term Testing (TLD), at the Bacia de Santos' pre-salt layer. According to the OTC Brazil,... Continue Reading →
September 2, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 08/09/2019, reports the beginning of the binding phase to sell all of its operated working interest in 11 producing shallow waters fields located in the Campos Basin, jointly called Garoupa Cluster. Qualified parties for this phase will receive a process... Continue Reading →
Aug 30, 2019 Petrobras, in continuation of the announcements released on June 28 and July 15, 2019, referring to the first phase of the refining and associated logistics assets sale processes in the country, which includes refineries Abreu e Lima (RNEST), Landulpho Alves (RLAM), President Getúlio Vargas (REPAR) and Alberto Pasqualini (REFAP) and their corresponding... Continue Reading →
Sept 2, 2019 DOF’s subsidiary Norskan and Petrobras have signed a 1-year extension for the AHTS Skandi Fluminense. The vessel, built in 2007, is an AHTS 18.000 with one work-class ROV operated by DOF Subsea on board. According to DOF, the new deal should see the vessel employed until September 2020. The contract extension... Continue Reading →
Aug 30, 2019 Petrobras' main projects today are focused on natural gas, whose exploration focuses on deep water. There are several development fronts in this arena, which involve resources of US $ 3.7 billion. The most important of them, the so-called Route 3, is under implementation. The Integrated Route 3 Project, with a capacity of... Continue Reading →
Brazil Energy Insight 