South America

Subsea

Saipem Wins $325 Million Petrobras Contract Offshore Brazil

Saipem has been awarded a contract by Petrobras on July 6 for the installation of a rigid riser-based subsea system to serve the Búzios pre-salt project, in water depths from 1,537 m to 2,190 m, offshore the state of Rio de Janeiro.

July 7, 2020

Exploration & Production

Petrobras Starts Decommissioning Campos Basin Platforms

Brazilian oil major Petrobras said July 7 it has started to decommission its platform P-12 in the Campos Basin after receiving permission from the Navy and environment and oil agencies.

July 7, 2020

Exploration & Production , Digital Oilfield

Brazil’s Petrobras Hires New Satellite Service to Hasten Data Transmission

Brazilian state-run oil company Petrobras has hired a new satellite service capable of reducing data transmission timing by 75% between the company’s platforms and command centers, it said in a securities filing on July 3.

July 6, 2020

Crude Oil , Trade , International

Venezuela’s Oil Exports Sank in June to 77-year Low

The fall in oil exports has starved the socialist government of President Nicolas Maduro of its main source of revenue, contributing to an economic collapse.

July 2, 2020

Business

Petrobras Plans to Cut Over 20% of Workforce in Mass Downsizing

Some have already left, while most will leave the company later this year or in 2021.

July 2, 2020

Exploration & Production

Petrobras: Buzios Oil Field Sets Daily Production Record in June

Brazil’s Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels June 27, totaling 664,000 bbl/d and 822,000 boe/d.

June 30, 2020

Exploration & Production

Petrobras Begins Production at Atapu Well Offshore Brazil

The company is operating the well with a platform that has daily capacity of 150,000 bbl of oil and 6 MMcm of natural gas.

June 26, 2020

Exploration & Production

Exxon Mobil Ramps Up Guyana Crude Output after Fixing Gas Compressor

Output at the offshore Liza Field has been restored to between 80,000-90,000 bbl/d after falling to between 25,000-30,000 bbl/d, according to the head of Guyana's Environmental Protection Agency.

June 22, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (June 19, 2020)

A Bone Spring discovery made by Occidental Petroleum in the Permian Basin plus a Forward Field-Marcellus Shale producer reported by EQT in Pennsylvania’s Allegheny County top this week’s drilling activity highlights from around the world.

June 19, 2020

Deepwater , Drilling

E&P Drilling Spotlight: Stratigraphic Zonation for Model-based Bit Design

A novel application for drilling optimization proves successful in the Brazilian deepwater presalt.

June 18, 2020