Brazil
News
May 15, 2024
Prates’s dismissal was confirmed late Tuesday by people familiar with the matter, who asked not to be identified discussing private matters. Petrobras, as the company is commonly known, said in a statement late Tuesday that Prates is expected to officially resign at an upcoming board meeting.
News
May 14, 2024
From 2024 to 2028, Petrobras will start up 14 floating oil production platforms, which account for a third of the global FPSO orders in this period. There’s also a considerable demand for underwater systems to connect these units.
News
May 08, 2024
In a Monday panel at OTC 2024, several Petrobras representatives tackled the multi-layered operations in revitalization of the Campos basin offshore Brazil.
News
May 06, 2024
Located offshore Brazil in the Santos basin, Tupi is the country’s largest producing field, with an average volume of 850,000 bopd, accounting for 20% of the total produced in Brazil, according to Petrobras.
News
May 03, 2024
Petroleo Brasileiro SA, as the state-run company is formally known, must speed up studies that will help it curb the amount of gas injected back into oil reservoirs to boost crude production, Silveira said in an interview. That will free up more gas for sale. Petrobras - and other oil majors - should also invest in new gas pipelines to increase domestic supplies, he said.
News
April 30, 2024
Petrobras' average production of oil, NGL, and natural gas in Q1 2024 reached 2.8 MMboed, an increase of 3.7% compared to last year. The evolution of production (ramp-ups) of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi, and Sepetiba are responsible for the increase, as well as beginning production from 19 new wells from complementary projects in the Campos and Santos basins offshore Brazil.
News
April 26, 2024
erenco Brazil will implement an ambitious redevelopment plan to revitalize the assets, restart production to a target rate of 10,000-15,000 bopd and unlock over 50 MMstb of reserves.
News
April 23, 2024
Recent oil and gas discoveries announced in regions continuing to these borders, especially in neighboring Guyana and Suriname, indicate significant oil production potential for the Brazilian Equatorial Margin.
News
April 22, 2024
Projects include oil platforms, maritime support vessels, cabotage vessels, and the sustainable disposal of units. Petrobras expects to create up to 100,000 jobs with this demand within the estimated project timeframe.
News
April 18, 2024
Petrobras has sold its entire stake in the Cherne and Bagre fields, in the shallow waters of Brazil’s Campos basin to Perenco Petróleo e Gás do Brasil Ltda (Perenco) for $10 million.
News
April 17, 2024
According to Petrobras, that number is likely to grow even more. With new production systems to be installed in the coming years, the field's capacity will be increased to around 2 MMbpd by 2030.
News
April 11, 2024
Petrobras expects to require 280 new wells through 2028, and refurbish or plug another 700 wells, it said in an emailed response to questions. The company said the market for day rates is dynamic and that it will review pricing when hiring new rigs.
News
April 10, 2024
Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploration well on concession POT-M-762_R15.
News
April 10, 2024
Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter.
News
April 07, 2024
On Feb. 27th, 2024, the SPT-129 workover rig mobilized from the SJ-01 well to the SJ-06 well with a workover program designed to open an additional 12.4 m across 3 zones in the Tutoia formation.
News
April 04, 2024
Prates’ potential departure after more than a year in the role underscores how Petrobras struggles to meet conflicting expectations from the government and minority shareholders.
News
April 02, 2024
The board of oil junior Enauta Participacoes SA has approved a proposal to merge with 3R, which has oil fields on land and off the coast of Brazil, the company said in a statement Tuesday. 3R already is considering a potential combination with PetroReconcavo SA, another Brazilian oil producer that has oil fields on land.
News
April 01, 2024
MODEC will be responsible for the design of the hull and all related topsides facilities for the FPSO, which is projected to be moored by a SOFEC Spread Mooring system. The produced stabilized crude will be stored in the FPSO tanks, and the oil will be offloaded to shuttle tankers to go to market.
News
March 26, 2024
Atlanta is a large, deepwater oil field with gross in-place volumes exceeding 1 Bboe. The field is currently producing over 21,000 gross bopd and production is expected to increase to over 40,000 boepd by early 2025.
News
March 20, 2024
Petrobras expects to invest roughly $7.5 billion in five years to explore for oil and gas in prospective regions like the Santos basin, Pelotas basin and Equatorial Margin. Mendes also revealed that the company plans to drill two Colombian exploration wells and discussed developing the deepwaters of northeast Brazil.
News
March 04, 2024
Majors including Shell and Exxon Mobil Corp. have spent billions to acquire concessions and carry out exploration campaigns at pre-salt blocks without announcing significant discoveries and have even returned some of the blocks to Brazil’s oil regulator, known as ANP.
