The next few years could see major investments in Colombian waters and last year’s bid round has independents, NOCs, and majors heading to the country’s Caribbean shores. Colombia is South America’s fourth largest oil producer with 2 billion barrels of proved oil reserves…
Petrobras awarded FMC Technologies a $40 million contract to supply three subsea boosting stations for the Parque das Baleias development, located offshore Brazil's Espirito Santo state in the Campos Basin. 'The Horizontal Boosting Station…
Petrobras completed the drilling and formation test of the fourth exploratory well at Iara area, block BM-S-11, in the Santos Basin pre-salt. The results of this well 3-RJS-706 (3-BRSA-1132-RJS) have strengthened the potential of recoverable…
Subsea 7 will build and operate three, flex-ible, pipe-lay support vessels (PLSV) for Petrobras under three five-year contracts worth about US$1.6 billion. The contracts include project management, engineering and installation of flowlines…
FMC Technologies, Inc. received an order from Petrobras for subsea trees for its pre-salt fields off Brazil. The award is estimated at US$500 million and represents the call-off of the remaining value of the $1.5 billion agreement announced in March of 2012…
Petrobras set a new presalt production record in May 2013 with output of 322,100bo/d, an 11,000bo/d increase from its previous record of 311,500bo/d set the prior month. The company also achieved record output in Espírito Santo, with a monthly average figure of 322…
Globetrotting. OE sought to uncover which new offshore regions are being targeted as potential new markets. Here’s what our think tank had to say: “Geographically, what offshore region will emerge next as a new market?” Chariot…
SeaBird Exploration Plc announced today that M/V Geo Pacific was awarded a new contract in the Caribbean. The work is estimated to require 63 days and the contract value is about US$12 million. M/V Geo Pacific is the latest vessel added to Seadrill's fleet…
A group of 24 nations and the EU are meeting in Bremerhaven, Germany, July 11-16, to discuss revised proposals to create two marine protected areas (MPAs) in the ocean surrounding Antarctica. If approved, these may become the largest marine reserves on Earth…
C-MAR Group announced that it won a contract, worth over $500,000, to carry out Failure Mode Effect Analysis (FMEA) surveys and trials on Maridive Group vessels for the next five years. The agreement covers 16 Maridive DP vessels to be serviced from C-MAR’s Singapore…
FloaTEC mates P-61 modules FloaTEC Singapore Pte Ltd. mated the topsides and hull of Petrobras P-61, Brazil’s first tension-leg wellhead platform (TLWP) near the BrasFELS yard in Angra dos Reis, southern Rio de Janeiro state, Brazil…
Cidade de Paraty in production FPSO Cidade de Paraty went on stream, beginning production from the Lula Nordeste field in the Santos Basin presalt play. It is about 300km off Brazil, in the northeast corner of Block BM-S-11. The FPSO can process up to 120…
RWE in Suriname RWE Dea signed a farm-in agreement with Petronas Suriname E&P BV, acquiring 40% interest in Block 52 off Suriname. The block is in the Guyana-Suriname Basin 120km off the northeast coast of South America in 100-1,000m deep water and has potential in Upper Cretaceous strata…
IHC Merwede has announced that it has signed two new contracts for the EPC (engineering, procurement and construction) delivery of offloading system packages for five FPSO vessels (floating production storage and offloading). The first…
Vallourec today announces the inauguration of a new Research Center in Rio de Janeiro, in the presence of Philippe Crouzet, chairman of Vallourec's Management Board. Due to be operational by October 2013, the Rio Center will focus on all pre-salt activities of the Group…
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