The field, located in the Santos Basin, holds over 1 billion boe in recoverable reserves and marks Equinor’s largest international offshore development. Bacalhau is operated by Equinor (40%) alongside ExxonMobil Brasil (40%), Petrogal Brasil (20%) and Pré-Sal Petróleo (PPSA).
Recent exploration success has confirmed estimated recoverable resources of 2.4 billion barrels of oil equivalent (boe) and 12.5 trillion cubic feet of natural gas, primarily within Suriname’s portion of the Guyana–Suriname basin. At least ten new wells are expected to be drilled offshore between 2025 and 2027, underscoring accelerating exploration and appraisal activity.
The operation utilized Halliburton’s Enhanced Remote Operated Control System (eROCS) in conjunction with the Optime Tubing Hanger Orientation System (OTHOS). Together, the systems enabled precise orientation and installation of a vertical Christmas tree tubing hanger without the need for traditional umbilicals or standard orientation tools.
The gasoline unit at the plant has been a substantial supplier of the fuel in Nigeria and abroad since it began operations last year. However, issues at the refinery, including operational setbacks, unplanned outages, a strike, and suspected sabotages by workers amid restructuring, have crippled gasoline output in recent months.
The West Africa oil and gas market is demonstrating strong growth potential, driven by global energy demand and rich reserves in the region, the 2025 West Africa Oil and Gas Outlook by Deloitte has revealed. According to the report, the West African oil and gas market represents a Compound Annual Growth Rate (CAGR) of 6.5% […]
The taskforce is defined in the statement as “a new leadership group designed to ensure that the energy transition delivers for the Northeast of Scotland – securing good local jobs, investment, and opportunity as Britain moves to clean power”.
A consortium between the State Oil Company of the Azerbaijan Republic (SOCAR) and Saipem SpA has won contracts for a $2.9-billion compression project in the BP PLC-operated Shah Deniz field on Azerbaijan’s side of the Caspian Sea, BP and Saipem said. The compression project will access low-pressure gas and enable the production of an additional […]
The UK slapped sanctions on Russia’s biggest oil producers and two Chinese energy firms that deal with Moscow as London seeks to intensify pressure on the Kremlin over the war in Ukraine.
Monumental Energy Corp said Wednesday it has agreed to fund New Zealand Energy Corp’s (NZEC) share of workover costs to restart flows at several wells in the Waihapa/Ngaere field in the onshore Taranaki basin.
Halliburton has been awarded multiple deepwater contracts by Petrobras to deliver vessel stimulation, intelligent completions, and safety valve systems across key offshore fields in Brazil, following a competitive tender process.