Launched in August 2021, this new phase called “Mero-4” will connect 12 wells to the new Alexandre de Gusmão FPSO (Floating Production, Storage and Offloading) unit, with a production capacity of 180,000 barrels of oil per day (bpd). This project has been designed to minimize greenhouse gas emissions, with reinjection of the associated gas into the reservoir and zero routine flaring.
BW Energy has reached final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO. The development targets 500 million barrels of oil in place in the highly delineated and tested Maastrichtian sands.
Equinor subsidiary Equinor Brasil Energia has entered into agreements to sell its 60% operated interest in Brazil’s Peregrino offshore oilfield to Prio Tigris, a subsidiary of Brazilian independent oil and gas company Prio, for USD 3.5 billion, the Norwegian company announced on Friday.
Paris-listed Vallourec has secured a contract with Dutch offshore contractor Allseas to supply line pipes for the Petrobras-operated Buzios 10 offshore project in Brazil, Vallourec announced on Tuesday.
Brazil will offer 172 oil blocks that span areas on land to deep-water regions in northeastern and southern Brazil under concession contracts. A total of 47 are at the Foz do Amazonas, where Petrobras is appealing to drill its first well after having its exploration campaign blocked in 2023. Brazil’s Mines and Energy Ministry says that basin could contain oil fields similar to those discovered in Suriname and Guyana, where Exxon Mobil Corp. found billions of barrels.
The Equatorial Margin offshore Brazil, which includes Foz do Amazonas, Pará-Maranhão, and Barreirinhas basins, is estimated to hold large oil and gas reserves and is believed to share geology similar to that of Guyana’s offshore, where Exxon is finding billions of barrels of oil and has developed and is developing half a dozen projects. Petrobras is appealing Ibama’s decision to not grant drilling rights. However, this decision may spook potential candidates for the blocks, according to a local analyst.
Brazil’s state-controlled oil producer Petroleo Brasileiro SA said it has finished building a wildlife rescue center, marking a step toward its first exploratory well in a promising yet contentious region offshore the country’s Northern state.
Japanese company Modec has confirmed the award of a contract to supply and operate a large newbuild floating production, storage and offloading vessel for Shell’s latest oil project in Brazil.
Shell PLC and its partners have agreed on a final investment decision to proceed with the Gato do Mato deepwater development in the pre-salt area of Brazil’s Santos Basin.
The project will produce up to 120,000 barrels of oil per day (bopd) through a floating production, storage and offloading (FPSO) vessel, the British energy giant said in an online statement. Shell estimates recoverable resources to be 370 million barrels.
Authorities are recommending an increase in the blend of ethanol in regular gasoline to 30 percent from the current level of 27.5 percent. That’s after technical tests sponsored by the country’s Ministry of Mines and Energy indicated there would be no harm to car engines.