Brazilian state-controlled oil company Petrobras said asset manager Starboard Asset Ltd. has bid $90 million for its Papa-Terra oil field in the Campos Basin, a securities filing on Nov. 24 showed.
The estimated firm total contract value is approximately $100 million, including rig upgrades and integrated services provided.
The total consideration of the transaction amounts to R$144.4 million (about US$27 million), according to a news release.
Aker Solutions won a framework agreement on Nov. 23 with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil.
The president of Colombia's national hydrocarbons association (ANH) did not give an exact date for the next round.
Climate change poses mortal threat to shattered country’s only economic lifeline.
TGS, a leading provider of multiclient geoscience data for E&P companies, has commenced the Malvinas 3D program in Argentina on Nov. 18.
Petro Rio SA has inked an agreement with BP Energy do Brasil Ltda. on Nov. 19 for the acquisition of interests of 35.7% in the BM-C-30 Block (Wahoo field) and 60% in the BM-C-32 Block (Itaipu field), thus, subject to the necessary approvals, becoming the operator of both pre-salt fields.
Check out the latest oil and gas drilling activity highlights from around the world featured in the November issue of E&P Plus including an exploratory test offshore Guyana by Exxon Mobil plus a deepwater gas discovery in the Turkish sector of the Black Sea.
CNE Oil & Gas, a subsidiary of Canacol Energy Ltd., and the Colombian arm of Parex Resources Ltd. each placed two bids in an initial auction at the end of October.