As lateral lengths increase, new technology aims to bring wells to production faster while successfully transmitting data with sensors and strong signals.
Interest is expected to continue picking up in the Sergipe-Alagoas Basin as the country looks to attract investors to areas beyond, though not excluding, presalt.
Drilling success offshore South America, particularly Guyana, has been a bright spot for the oil and gas industry as some areas look to make comebacks.
An assessment by the U.S. Geological Survey shows the estimated amount of undiscovered technically recoverable natural gas jumped to 214 trillion cubic feet in the two shale formations.
New pipelines coming online are expected to ease Permian Basin gas takeaway capacity woes.
The two buyers in the Green River Basin and non-core acreage sales were not disclosed.
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