Petrobras announced today that it has confirmed the Sagitario well discovery (formally 1-SPS-98 / 1-BRSA-1063 -SPS) initially announced 25 February 2013 while in the drilling phase. Located in the ultra-deepwater presalt area of the Santos basin…
Petrobras announced that its total oil and natural gas production in Brazil in December 2013, was 2.362MMboe/d, up 0.8% on the 2.342MMboe/d extracted in November. Oil production averaged 1.964MMbpd, up 0.4% on November's production of 1.957MMbpd…
RFID is nothing new, but companies are adopting the technology in hopes of streamlining the way they do business offshore. By Audrey Leon Offshore logistical operations can be complicated. Companies need to keep tabs on all equipment…
In November, Petrobras announced its total oil and natural gas output in Brazil was 2,342,000 boe/d, up 1.2% from the 2,315,000 boe/d extracted a month earlier. Including the share operated by Petrobras for its partners, the rise in relation to October was 1…
Beijing-based PetroChina Co. Ltd. announced that two of its subsidiaries will purchase the Peruvian assets of Petrobras for US$2.6billion (HK$20.16billion) according to a statement sent to the Hong Kong Stock Exchange (SEHK) on 13 November 2013…
A partnership between companies is a lot like a marriage: some are good, some are strained. That was the tenor of a Wednesday morning panel discussing perspectives on E&P in the South Atlantic that included operators Petrobras, Total, Shell…
Subsea 7 has been awarded to new contracts for pipelay support vessels with Petrobras worth an estimated US$600 million. The contracts are for operation of the pipelay support vessels (PLSVs) Seven Mar and Seven Condor on a day rate basis for approximately three years…
Petroleo Brasileiro (Petrobras) completed its semisubmersible P-55 floating production, storage and offloading (FPSO) vessel nearly six years after it was contracted. It passed testing and certification in the Rio Grande dock (ERG-1). The…
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…
The board of directors for Petrobras has approved the sale of 100% of the shares issued by Bogota-based Petrobras Colombia Ltd. (PEC) to Perenco for US$380 million, the company announced on 13 Sept 2013. Petrobras Colombia is selling…
Technip signed a four-year frame agreement with Petrobras for projects modifications services for the Rio de Janeiro Operations Unit, including existing offshore platforms located in the Campos Basin area, Brazil. The services comprise basic and detailed design…
Petrobras leads subsea pumping development to overcome deepwater production problems Subsea boosting has evolved since the first subsea multiphase pump was installed, in 1994, by Shell at Draugen field in the Norwegian Sea. That pump…
Oil and natural gas production in May On May 18, 2013, Petrobras set a new pre-salt production record, with output of 322,100 bo/d. 11,000 bo/d up from the previous record of 311,500 bo/d set on April 17, 2013. In addition to encouraging figures for pre-salt production…
Brazil is a veritable diamond in the rough for foreign and local investors alike. Firms are investing in new centers of technology, fabrication, and worker training to alleviate the country’s skills and infrastructure difficulties. Brazil is very much the place to be at the moment…
Petrobras announced that in February 2013 total production of oil and natural gas in Brazil reached 2,316 thousand boe/d. Including the share operated by the company for its partners, total volume produced was 2,414 thousand boe/d, This volume corresponds to a 2…
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