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Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec. The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in the “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro,... Continue Reading →
Pré-Sal Petróleo (PPSA) celebrates seven years of activities today, reaching a value of R$ 2.59 billion in revenue for the Union. The amount considers the sale of oil and gas from the Union since November 2017 - start of production of the NW of Libra evaluation area, in a long-term test - until September 2020,... Continue Reading →
Marine and engineering consulting firm LOC Group has been awarded new contracts with SBM Offshore to act as Marine Warranty Surveyor (MWS) on two floating production storage and offloading (FPSO) projects. These SBM Offshore’s FPSOs will be deployed offshore Brazil and Guyana, LOC said in a statement on Thursday. LOC will provide MWS services for... Continue Reading →
Energy Platform (EnP) announced the acquisition of a 50% stake in Petro-Victory Energy in the fields of the Lagoa Parda Cluster, recently divested by Petrobras, and in the exploratory blocks ES-T-354 , 373, 441, 477 and 487, all on the Espírito Santo onshore and concluded in the 14th ANP round. The transaction marks EnP's entry... Continue Reading →
While offshore Brazil, Guyana and to a lesser extent Suriname are gaining the lion’s share of attention when it comes to South American offshore oil, with opportunities opening-up in Colombia. The Andean country’s Caribbean coast is believed to hold considerable oil and natural gas potential. It was with much fanfare that Diego Mesa, Colombia’s Minister of Mines and... Continue Reading →
A joint venture between Brazil’s Ocyan and Altera Infrastructure (formerly Teekay) has been awarded a contract by Karoon for the charter of the FPSO Cidade de Itajaí, which is operating on the Baúna field offshore Brazil. As previously reported, Karoon has finally taken over the operatorship of the Baúna field, located in the Santos Basin offshore Brazil.... Continue Reading →
Baker Hughes, Halliburton and Schlumberger signed Bacalhau well contracts with Equinor , in the Santos Basin pre-salt. According to the operator, the average local content is estimated at 74%. - The total value of the services is of the order of US $ 455 million, with a firm term of 4 years and two options... Continue Reading →
Australian player Karoon Energy has completed the acquisition of a 100 per cent operating interest in the Baúna field, located in the Santos Basin offshore Brazil, which will see it transform from an oil and gas exploration company into an oil production company. To remind, Karoon in July 2019 presented the high bid in the process to... Continue Reading →
Italian oilfield contractor Saipem has recently received the authorization to proceed with the final phase of the Payara development project in Guyana from the project operator ExxonMobil. Saipem has been working in this country for the last three years, starting with the award of the Liza phase 1 contract. Saipem said on Monday that this... Continue Reading →
The National Petroleum Agency (ANP) launched a special edition of its monthly bulletin of oil and gas production in Brazil, a document that is completing ten years of existence. Among the highlights of the new report, is the evolution of the pre-salt fields. From 2010 to the present day, production in the area grew almost... Continue Reading →
Brazil Energy Insight 