Baker Hughes will supply pipe systems for Brazil's Petrobras
Baker Hughes, a provider of oilfield services, announced on Monday that it had signed an agreement with Petrobras to provide 77 kilometers (47.85miles) of flexible pipe system for Brazil's Santos Basin pre-salt field. Santos Basin, an offshore oil and gas-rich region off Brazil's southeast Atlantic coast. The basin is the largest in the country and has attracted major investment from oil and gas producers around the world including Shell…
Petrobras wants to increase the output of Tupi oilfield to 1 million barrels per day by 2027
Petrobras, the state-owned firm in Brazil, plans to increase oil production from its Tupi oilfield to 1,000,000 barrels per day (bbls) by 2027. It plans new investments to be made into this asset. Tupi, located in deep water offshore, is Brazil's biggest oil field by production (832,600 bpd), although its output has declined over the last few years. Director…
Sources say that Brazil's Petrobras is looking to add another oil field in Buzios, according to sources
Three sources familiar with the matter said that Petrobras, the state-run oil company in Brazil, has started studies to implement a new platform for oil production on the Buzios oil field. A source said that each Buzios platform costs an average of $3.5 billion. The vessel under consideration would be a floating production storage and offloading (FPSO) vessel, which is intended to increase gas production in Buzios.
Sources say that Petrobras has obtained environmental licenses for Brazil's oil production to increase.
Three people familiar with the matter said that Brazil's state oil company Petrobras obtained environmental permits to expand production at two offshore fields and one vessel could start earlier than expected. Petrobras can now increase production at the Mero and Buzios oil fields. Buzios will benefit from the early launch of the FPSO vessel Almirante Tamandare (floating production, storage and offloading).
Sources say that the new'supermanager' of Brazil's Petrobras has been tasked to boost investment.
Sources said that the Brazilian oil giant Petrobras appointed Wagner Victer as a "super manager" to increase capital expenditures in order to satisfy President Luiz-Inacio Lula Da Silva's demands. Lula sees Petrobras as a vehicle for creating jobs and developing the economy, but in recent years the company faced obstacles to investing due to environmental licensing and supplier issues.
Japanese Firms in Brazilian FPSO Gig
Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O.S.K. Lines (MOL), and Marubeni Corporation have agreed that Mitsui, MOL, and Marubeni will invest in a long-term charter…
BP Wins Offshore Oil Block in Brazil with $75 mln Bid
BP PLC won the production and exploration rights for Brazil's offshore S-M-1500 block in the Santos Basin on Thursday, paying the government a signing bonus of roughly 308 million reais ($74.6 million).Relatively major blocks in the Santos Basin received no offers in the bidding round in Rio de Janeiro, although there was significant interest in the nearby Campos Basin.(Reporting by Gram Slattery, Marta Nogueira and Rodrigo Viga Gaier; editing by
Brazil, Petrobras Paving Way for Giant Tender
Brazil's government will announce "within days" a deal with state-run oil company Petrobras to settle a multi-billion-dollar contract dispute and clear the way to auction billions of barrels of oil off of the Brazilian coast, a minister said on Monday.Economy Minister Paulo Guedes told journalists that his team sat down recently with officials at the Mines and Energy Ministry…
Petrobras Kicks Off Third Buzios FPSO
Brazil's state-run oil company Petroleo Brasileiro SA (Petrobras) has started producing oil and gas from the P-76 FPSO in the Búzios field in the Santos Basin, offshore Brazil.The oil and gas company said that with a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million cubic meters of natural gas, P-76 will contribute to the growth of the companies' production.
Video: FPSO Travels from China to Brazil
Dutch firm Boskalis transported the 90,000-ton FPSO P-67 from Qingdao, China to Rio de Janeiro, Brazil, aboard the semi-submersible heavy transport vessel BOKA Vanguard.FPSO P-67 was built by China’s Offshore Oil Engineering Company (COOEC), and delivered to Brazil's Petrobras in 2018.The FPSO recently began producing in the deepwater Lula Norte area, in the pre-salt of Santos Basin offshore Brazil.
FPSO P-67 Starts Production at Lula
Petrobras announced Friday it has started producing oil and natural gas through the P-67 floating, production, storage and offloading unit (FPSO), in the deepwater Lula Norte area, in the pre-salt of Santos Basin offshore Brazil.The FPSO is located approximately 260 kilometers off Rio de Janeirot, at a water depth of 2,130 meters. With capacity to process up to 150…
Brazil Council Approves Sixth Round Pre-salt Auction
The Brazilian energy advisory council on Monday approved the sixth-round auction for Brazil's coveted pre-salt offshore oil area to be held next year, the energy ministry said.The auction will include the two new blocks of Southwest Sagittarius and Brava Norte in addition to the previously considered three of Aram, Southern Cross and Boomerang, the ministry said.
Brazil Reaches Deal with Petrobras Over Transfer of Rights Area
The Brazilian government has reached an agreement with state-controlled oil company Petróleo Brasileiro SA over the so-called transfer of rights area, Finance Minister Eduardo Guardia said on Wednesday.Guardia declined to disclose values nor who is owed what under the terms of the agreement.
McDermott Bags Petrobras Contract
McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.The contract covers the implementation of the ultra-shallow segment of the new Rota 3 gas export pipeline, said the provider of technology, engineering and construction solutions to the energy industry.The scope of work includes design and detailed engineering…
Petrobras Starts Production at P-75 Platform
The P-75 floating production, storage, and offloading unit (FPSO) has begun producing oil and natural gas in the Búzios 2 area of the pre-salt Santos Basin, Brazil's state-run Petroleo Brasileiro SA (Petrobras) said.With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million cubic meters of natural gas, P-75 will produce through 10 producing wells, also using seven injection wells, Petrobras said.
Shell Adds New FPSO in Brazil
New, deep-water production is underway today at the Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing.Operated by Petrobras, P-69 is a standardized vessel that can process up to 150,000 barrels of oil and 6 million cubic meters of natural gas daily.
Petrobras Fires up Production in Offshore Lula Field
State-controlled oil company Petroleo Brasileiro said on Wednesday it had started production on its eighth platform in the offshore Lula field, Brazil's most productive, as it ramps up output from the Santos basin in the coveted pre-salt oil play.Platform 69 will be able to produce up to 150,000 barrels of oil per day and 6 million cubic meters of gas from the field…
Petrogal to Invest Up to $1 bln per Year in Brazil -CEO
Petrogal, the Brazilian unit of Portugal's Galp, plans to spend $800 million to $1 billion annually in the coming years in Brazil to develop its current oil and gas assets and boost its stake offshore, its chief executive officer said on Thursday.CEO Miguel Pereira said the company, Brazil's third largest oil and gas producer, wants to expand its presence in Brazil's offshore pre-salt areas…
Shell, Chevron Clinch Saturno Block in Brazil Oil Tender
A consortium made up of Royal Dutch Shell and Chevron Corp won the Saturno block in the Santos basin in Brazil's pre-salt offshore oil auction on Friday, outbidding a rival group led by Exxon Mobil Corp.Shell's consortium won by pledging 70.2 percent of profit oil to Brazil's government, in the last oil auction ahead of a hotly contested presidential election next month. Reporting by Marta Nogueira and Alexandra Alper
Shell Sees Peak Output for Brazil's Lula Field in 2020, 2021
Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday.The increase in production next year will be helped by the launch of platforms P-67 and P-69, which should go online in 2019…
