Libra contracting

08/15/18 Consortium operated by Petrobras receives in September proposals to provide drilling and completion services The Libra Consortium is expected to receive offers for construction of wells at the Mero 1 field in the Santos Basin pre-salt in September. The scope of the tender is for eight drillings, 15 completion facilities and one assessment. The... Continue Reading →

ExxonMobil Data Acquisition Advances

8/14/18 3D seismic mapping in Sergipe with GeoStreamer cables will be completed between October and November PGS has already acquired more than half of the approximately 8,500 km2 of multi-client seismic data acquisition campaign in deep waters of the Sergipe-Alagoas Basin, which will cover the SEAL-M-351, SEAL-M-428, SEAL-M-501, SEAL-M-503, SEAL-M-430 and SEAL-M-573 operated by ExxonMobil.... Continue Reading →

After years of inefficiency, majors start delivering upstream projects within budget and on time, Woodmac says

The oil and gas industry may have finally turned around from “always delivering upstream projects behind schedule and over budget.” Poor capital discipline and over-confidence in pursuit of large-scale, and extremely complex upstream projects before the oil price plunge in 2014 would lead to projects being delivered late and over budget. However, this has started... Continue Reading →

EllaLink Set for 2020 Launch

  BELLA (Building Europe Link to Latin America) consortium, whose leading investor is the European Commission, has signed a contract agreement with EllaLink, a private consortium, to launch the deployment of an underwater fibre optic cable connecting Europe and Latin America. Read more

PetroRio plans new drilling in Polvo

08/09/18 At least six prospects are already licensed for the campaign in 2019 With the success of the Polvo field revitalization campaign, PetroRio is expected to start at least one more ring fence drilling campaign in 2019, company director of operations Roberto Monteiro said. The estimate is that there are already six licensed prospects ready... Continue Reading →

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