Brazilian oil company Petrobras said it signed a letter of intent on Feb. 24 with Holland’s SBM Offshore to hire a FPSO for the Búzios field in the Santos Basin pre-salt.
Petrobras’ business plan foresees Mero 4 entering operation in 2025 with a capacity to produce 180,000 barrels of oil a day.
The revival of the formation signals how it is growing more competitive globally, helped by government policies protecting oil producers, an export tax holiday and reviving global prices.
with no domestic refining nor state oil company, Guyana relies on private companies to market its share of oil.
Here’s a snapshot of recent energy deals including a $420 million acquisition in the Midland Basin by Surge Energy plus Tailwater Capital’s acquisition of Tall Oak II, III from EnCap Flatrock Midstream.
Petrobras said it had received offers from consortia led by Samsung Heavy Industries Co., Daewoo Heavy Industries & Machinery Ltd. and Keppel Corporation Ltd.
A Haynesville discovery drilled by Aethon Energy in the Carthage Field in San Augustine County, Texas, plus three Arkoma Basin wells completed at a Hughes County drillpad in Oklahoma top this week’s drilling activity highlights from around the world.
Wildcat well BRSA-1377-RJS, also known as Urissanê, found hydrocarbon in reservoirs in the presalt section, Petrobras said in a news release.
Check out the latest oil and gas drilling activity highlights from around the world including a new gas condensate find in the Norwegian Sea by ConocoPhillips plus Equinor’s latest oil discoveries offshore Newfoundland, Canada.