An oil discovery has been confirmed in the Libra field, offshore Brazil, Petrobras announced on 27 October. The Brazilian state-owned firm said the well 3-RJS-731 (informally known as NW-1) confirmed the discovery of good quality oil in the northwestern portion of the structure…
Odebrecht and Teekay received a letter of intent from the Libra consortium to charter an FPSO for the extended well test campaign in the Libra area of the Santos Basin pre-salt, offshore Brazil, Petrobras announced on 10 October 2014. The…
Brazil's state-run oil company, Petroleo Brasileiro, will sign a contract to build and lease a floating production ship for its Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on 18 September, as reported by Reuters…
Brazil could be poised to become one of the largest oil producers in the world, according to senior executives speaking at this year’s Rio Oil and Gas conference. Monday’s Shell luncheon at the event offered an outlook on the changes…
The Cidade de Mangaratiba FPSO has begun its journey from the BrasFels shipyard in Angra dos Reis to the Iracema South area of Petrobras’ Lula field, offshore Rio de Janeiro. The FPSO will be connected to wells in the pre-salt layer of the Santos basin…
Petrobras confirmed more hydrocarbon pay was found at the Jupiter prospect in the Santos basin pre-salt block BM-S-24 offshore Brazil. Map of Jupiter area. Image from Petrobras News Agency The…
Petrobras announced drilling has started on the first exploration well on the Libra pre-salt area in the Santos basin offshore Brazil. Drilling on Libra, discovered in 2010, and estimated to contain 8-12 billion boe, comes as marine production…
Dutch floating platform leaser SBM Offshore NV will not participate in the upcoming Petrobras Tartaruga Verde and Libra tenders, the company announced 12 June, adding that the decision resulted from conversations held between the two giants on 28 May…
The magnitude of the Libra area was the main highlight of Wednesday, May 7 at Brattec Offshore 2014, an event organized by the Brazil-Texas Chamber of Commerce. Petrobras’ executive manager for Libra, Anelise Lara, talked about the reservoir’s characteristics and the area’s development prospects…
Drilling operations will begin in 2H 2014 on two wells in the giant Libra field off Brazil following approval of the field’s 2014 working and investment plan. The Brazilian national Petróleo Brasileiro S.A. (Petrobras), along with Pré-Sal Petróleo S…
For Brazil’s first pre-salt auction, new production sharing rules changed the playing field, attracting fewer, but more substantial bids. Brazil auctioned its first pre-salt field, Libra, back in late October. Libra, located in Block SS-AUP1…
The consortium comprised of Petrobras, Shell, Total , CNPC and CNOOC secured the right to develop Brazil’s Libra block at the single-bid auction held in Rio de Janeiro on October 21. The Libra block is located in the Santos Basin ultra deep waters in the pre-salt polygon…
A consortium of companies, including Royal Dutch Shell plc, Petrobras, Total, CNPC and CNOOC, won today a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil. The Brazilian regulator…
On Oct.1, Brazil's National Petroleum Agency (Agência Nacional do Petróleo, ANP) said that 11 companies were registered and qualified to bid for pre-salt licenses at the upcoming Santos basin auction. The ultra-deepwater Libra field is estimated…
Petrobras President Maria das Graças Silva Foster announced at public hearing in the Brazilian Senate that the company plans to invest R$4 billion in 2013 and R$21.2 billion between 2013-2017 in information technology and telecommunications…
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