Total Launches Mero Phase 3 Offshore Brazil
Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash.
Coiled Tubing Sets Packers Precisely During Offshore Well Abandonment
The complete paper discusses the systematic approach adopted by a service company to achieve the goal of safely abandoning wells offshore southwest Brazil with different completion types using light workover vessels.
Finding Oil Is Really Hard, Making Money Even Harder
Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil.
Offshore Discoveries Continue Even as Shale Slows
Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore.
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.”
Intelligent Completion Installations Instrumental in Brazilian Presalt Development
The complete paper presents a discussion of the use of intelligent well completion in Santos Basin Presalt Cluster wells.
Fatigue Prediction for Extended Riser Life and Improved Vessel-Response Analysis
This paper presents a fatigue-prediction methodology designed to extend the life of unbonded flexible risers and improve the accuracy of floating production, storage, and offloading vessel response analysis.
Production Lifting Costs Shrinking
The savings result in part from the depreciation of global currencies against the US dollar, as most operating expenses in oil and gas production are realized in local currencies. Brazil leads in savings.
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.
ONGC Makes Discoveries in Colombia, Brazil
India’s ONGC reported an oil find in Colombia’s Llanos Basin as well as a gas and oil discovery in Brazil’s deepwater Sergipe Alagoas Basin.
Chevron, Repsol Awarded Most Blocks in Brazil’s 16th Round
The round included a near-$1 billion signature bonus on a Campos Basin block awarded to a Total-led consortium.
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.
Three Big Numbers Shaping the Global Crude Picture
Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.
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.
Total's Deepwater Output To Hit 500,000 BOE/D by 2020
Despite a trend toward renewables and low-carbon energy production among European majors, Total remains wholeheartedly committed to deepwater production.
Strengths and Weaknesses Guide Choice of Brazilian Subsea-Development Options
The paper provides a fast-track approach to perform screening assessment of multiple subsea concepts.
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.
First Three-Zone Intelligent Completion in Brazilian Presalt: Challenges and Lessons
Since the first intelligent completion was installed 20 years ago, the systems have become increasingly complex in order to reach productivity and optimization goals, allowing real-time independent monitoring and management of each zone in the well.
Triple-Zone Intelligent Completions Aid Extended Well Tests of Exploratory Wells
This paper describes an extended-well-test campaign using intelligent completions in a presalt reservoir. To understand reservoir behavior during production better, several options were analyzed for the first extended well test.
Petrobras, Total Complete Major Presalt Deals
Petrobras and Total have executed two major transactions involving deepwater, presalt development assets offshore Brazil, with Total becoming the first major international company to operate a Brazil presalt field.
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.
Riser-System Design in Water Depths Greater Than 3000 m
This paper evaluates the feasibility of a number of production- and export-riser configurations for ultradeepwater applications.
A Global Subsea-Hardware-Standardization Program Applied Offshore Brazil
This paper addresses the standardized features applied to the 10,000-psi-rated subsea-system components at the Espirito Santos FPSO in the Campos basin offshore Brazil.
Limited-Entry Liner With Retrievable Ball-Drop Diversion System in a Deepwater Brazil Field
This paper describes the design, testing, and execution of a unique deepwater completion system that adapts a known multistage ball-drop system used in onshore unconventional reservoirs.
Subsea Processing and Boosting in Brazil: Future Vision
This paper summary focuses upon reporting new research-and-development (R&D) initiatives related to subsea processing and boosting offshore Brazil.
Self-Diverting Acid for Effective Carbonate Stimulation Offshore Brazil
This work describes the positive results experienced when a self-diverting acid system based on a viscoelastic-surfactant (VES) technology was introduced for carbonate-reservoir stimulation offshore Brazil.
Heavy-Oil Papa-Terra Project Uses Innovative Solutions in Deep Water
The Papa-Terra field in the Campos basin in Brazil is identified as having an oil interval of 14.6°API in turbidite sandstones.
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19 October 2020
26 October 2020