BP announced today that it has agreed to sell its 60% interest in the Polvo oil field in Brazil to HRT Oil & Gas Ltda for $135m in cash. Subject to regulatory approvals, BP expects the deal to close in the second half of 2013. “Over the past two years BP has built a significant [...]
Petrobras will earmark US$5.6 billion to increase to 90% the operating efficiency of its mature fields in the Campos Basin Operating Unit (UO-BC) by 2016. First quarter 2012 data show that the operating efficiency index at the fields connected to this unit are currently at about 72%. The information was disclosed in a presentation of [...]
FPSO OSX-1, the first floating production unit to integrate OSX’s fleet, an EBX Group company which provides solutions for the offshore oil industry, obtained an average operating efficiency of 98.5% in the second quarter of this year in the Waimea accumulation in the shallow waters of the Campos Basin (RJ). This average represents an unprecedented [...]
Petrobras’ average domestic and foreign oil and natural gas output in June was 2,583,415m barrels of oil equivalent per day (boed). Output for domestic fields was 2,338,812 boed. Both domestic and total output remained unchanged on the previous month. Foreign output was 244,603 boed, a 2.5% decrease on May. Of total domestic output, oil accounted [...]
OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has announced that as a result of the evolution of OGX into a new phase, in which production becomes increasingly important, without prejudice to the exploratory campaign, the Company’s Board of Directors, chaired by Mr. Eike Batista, has nominated [...]
Petroleo Brasileiro SA , Brazil’s state-controlled oil company, found traces of oil and gas in an offshore well in the C-M-95 block of the c… By Karen Eeuwens (Bloomberg) Source: Bloomberg, October 19, 2011
GE Oil & Gas has been awarded a major contract from OGX Petróleo e Gás Ltda. to supply drilling and production equipment for three offshore fixed production platforms to be deployed in the Waimea and Waikiki oil and gas fields of the Campos Basin, offshore Brazil, where OGX plans to drill a significant number of [...]
OGX Petróleo e Gás, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announced that the preliminary license for the Extended Well Test (“EWT”) and production development in Waimea was granted by Ibama (the Brazilian Institute for Environment and Renewable Natural Resources). This EWT will be conducted in block [...]
Petróleo Brasileiro S.A. (Petrobras), a world leader in deep-water and ultra-deep water oil production, has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes service and [...]
Petrobras commenced the Extended Well Test (EWT) in the Campos basin’s pre-salt Brava Area, in the Marlin Field Production Concession, 170 km off the coast of Macaé, in Rio de Janeiro. The EWT is expected to last two years, with daily output of 6,000 barrels of oil, and is running on well 6-MRL-199-RJS, interconnected [...]
