Petrobras Trims Drilling by Months With Software That Will One Day Automate Its Offshore Rigs
Brazil’s national oil company details the results of 6 years of real-time drilling monitoring. The next step is to move toward optimization, then automation.
Total Launches Mero Phase 3 Offshore Brazil
Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash.
Shell, Chevron Combined Quarterly Losses Top $25 Billion
Shell and Chevron lead the pack in a slew of Q2 losses with $18.1 billion and $8.3 billion, respectively. ExxonMobil, ConocoPhillips, Royal Dutch Shell, Petrobras, and Repsol also posted losses. The tally of these global majors’ losses in a single quarter tops $30 billion.
Offshore Enters Uncharted Waters
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.”
Offshore Discoveries Continue Even as Shale Slows
Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore.
Petrobras Starts Production From Pre-salt Berbigao Field
P-68 is Petrobras’ fourth FPSO to begin operations this year following the startups of P-67 at the Lula field and P-76 and P-77 at the Buzios field.
Another Brazilian Auction Fails To Draw Bids from Majors
Chinese firms stepped in for the majors in Brazil’s two underwhelming offshore auctions.
Petrobras Awarded Búzios, Itapu Blocks in Brazilian Auction
Just three firms submitted bids in an auction many are deeming as a disappointment for Brazil.
MPD Monitoring Technique Allows Rapid Redesign, Flexibility
This work focuses on the development of specific methodologies to support managed-pressure-dilling (MPD) operations implemented on real-time diagnostic software.
Petrobras to Sell Shallow-Water Campos, Santos Basin Fields
UK operator Trident Energy is entering Brazil while Australian firm Karoon Energy is expanding its position in the country. Both will try to boost output from already-producing assets.
Brazil Focuses on Cost Control in Deep Water
Petrobras says it can produce oil for a lower break-even price than onshore shale plays, including the Permian Basin. Brazil’s offshore sector has cut the cost of deepwater production but comparisons based on break-even prices are slippery.
40 Years in the Campos Basin Lead to Wealth of Lessons Learned
This paper presents a retrospective of the most-significant technologies developed and deployed in the Campos Basin for more than 80 production systems in more than 30 oil- and gas-field developments.
Brazil’s Lula Field a Step Closer to Producing 1 Million B/D of Oil
Petrobras and Shell have brought online the Lula field’s seventh FPSO as the firms continue to ramp up production from the pre-salt Santos Basin.
Petrobras, Shell Start Production From Eighth Lula Field FPSO
The unit is flowing oil and gas from the Lula Extremo Sul area, 290 km off Rio de Janeiro state in 2150 m of water.
Petrobras, Murphy Oil Form 75,000-BOE/D US Gulf Partnership
The new venture will operate several deepwater assets—including the Cascade, Chinook, Medusa, and Thunder Hawk fields.
Equinor, ExxonMobil Rack up More Brazilian Presalt Acreage
Equinor and ExxonMobil continued their aggressive pursuit of acreage offshore Brazil, collecting more blocks in the country's 4th pre-salt bid round.
Making Money in Brazilian Oil Demands Patience, Persistence, and Problem Solving
Brazil’s large offshore discoveries and domestic demand for oil and gas are a combination that holds potential for explorers to make money on high-priced blocks. A series of offshore auctions offering more attractive properties at more reasonable terms have attracted aggressive bidding.
International Majors Expand Footprints in Brazil, Mexico
With presidential elections looming and energy reforms at a critical juncture, the two Latin American energy powers awarded a bevy of blocks to a who’s who of international oil companies.
Brazil’s Presalt Libra Field Starts Producing Oil
One of the largest presalt discoveries offshore Brazil has started producing oil. Libra field’s 1-year extended well test will provide technical data and cash for future development, which envisions three more FPSOs.
OTC: Brazil Energy Reforms Yield Big Lease Sales and Questions
Brazil is embarking on a 3-year round of bid sales offering international oil companies multibillion barrel prospects with better contract terms.
CERAWeek: Statoil, Petrobras CEOs Discuss Leadership Challenges in Difficult Environments
The CEOs of Petrobras and Statoil discuss the challenges their companies face in enacting economically and environmentally sound operational policies.
Managed-Pressure Drilling Migrates Into Deep Water Offshore Brazil
Two years ago, as drillers approached the bottom of a deepwater well in the Lula field, they were stopped again and again by total drilling fluid losses.
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13 October 2020
12 October 2020