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Located in the Atapu field, in the eastern portion of the Santos Basin pre-salt, the P-70 reached its project capacity of 150,000 barrels per day on July 12, with the contribution of just four producing wells, one year after entry into production. This result confirms the excellent productivity of the field's reservoirs and reflects the... Continue Reading →
(Offshore) TGS has issued updates on various seismic surveys in its latest results statement. Offshore Brazil, the Santos multi-client 3D Phase 4 survey is under way over the western portion of the Santos basin: this will be a northwest extension of the existing TGS Santos 3D, covering around 5,000 sq km (1,930 sq mi). Full-volume... Continue Reading →
(Offshore) Transocean Ltd. has provided an update on its offshore drilling rig fleet. As of July 21, the company’s total backlog is about $7.3 billion. Hess has awarded the ultra-deepwater drillship Discoverer Inspiration a nine-well contract in the US Gulf of Mexico. The contract is expected to run from September 2021 to April 2022. The day rate is $215,000. BHP has... Continue Reading →
In 2Q21, we continued to operate safely and had a solid operating performance, despite the persistence of the pandemic scenario. The average production of oil, NGL and natural gas reached 2.80 MMboed, 1.1% above 1Q21, due to the continued ramp-up of platforms P-68 (Berbigão and Sururu fields) and P-70 (Atapu field). Production in the pre-salt... Continue Reading →
Between 2021 and 2025, Petrobras plans to invest US$ 13 billion in the Campos Basin, mainly for the revitalization of oil fields. Petrobras has reallocated investments through what it calls "active portfolio management", that is, it has bet on assets with the potential to generate more value in the medium and long term and the... Continue Reading →
But the taller they get, the harder they will be to repair (Economist) On July 16th Royal Dutch Shell, an oil and gas company, and Scottish Power, a subsidiary of Iberdrola, a Spanish electricity utility, made an announcement. They were, they said, jointly submitting proposals to the British authorities to build, off the coast of Scotland,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 15, 2021, informs that it signed today, together with Fundação Petrobras e Seguridade Social (Petros), a Term of Commitment, regarding its parity interest, for the cash payment of the debt recognized in the migration process of the PPSP-R and PPSP-NR Plans to... Continue Reading →
Offshore drilling contractor Borr Drilling received a Letter of Award for one of its jack-up rigs from an unnamed international oil company for additional work in Mexico. "The program is expected to commence in the second quarter of 2022 for a duration of approximately 150 days, adding revenues of USD 15.7 million," Borr said in... Continue Reading →
Solstad Offshore has won two medium-term contracts for its construction vessels (CSV) Normand Frontier and Normand Navigator in the second half of 2021. Normand Frontier will support an ultra-deep subsea project in South America for an international contractor. The vessel has already started mobilization activities, the company informed. The contract duration is 100 days firm plus 60 days options excluding... Continue Reading →
French energy major TotalEnergies and energy transition company Technip Energies have teamed up to decarbonise LNG plants and offshore facilities for the energy transition push. The companies signed a technical cooperation agreement that aims to accelerate the energy transition. Under the agreement, they will explore new concepts and technologies to cover LNG plants and offshore-type... Continue Reading →
