Petrobras offers 2014 plan for offshore oil exploration in Libra block

Offshore staff  

RIO DE JANEIRO – Petrobras reports that the consortium of Petrobras (40%), Shell (20%), Total (20%), CNOOC (10%), and CNPC (10%), along with Pré-Sal Petróleo SA (PPSA), has approved the group’s 2014 working and investment plan for the offshore Libra block, located in the ultradeep waters of the presalt Santos basin. The approved 2014 capital expenditure is $400 million to $500 million.

The block’s four-year exploration phase, which began Dec. 2, 2013, includes 3D seismic acquisition, two exploratory wells, and one extended well test. The area is 1,547.76 sq km (598 sq mi), and was discovered in 2010.

01/24/2014

Related Articles

Papa-Terra marks first use of dry tree floating technology offshore Brazil

Dec 12, 2014 Petrobras started production from the Papa-Terra field on Nov. 11, 2013. Papa-Terra is a heavy-oil field in block BC-20 of the Campos basin offshore Brazil in 1,190 m (3,903 ft) of water. Developme...

Top 5 Projects of 2014

Dec 11, 2014

The editors of Offshore magazine have selected five projects that exemplify best-in-class among those that were completed during the first three quarters of this year.

Petrobras transports P-66 hull to Brazilian shipyard

Dec 11, 2014 Petrobras is transporting the hull of P-66, the first platform in a series of eight “replicant” FPSOs being constructed to meet oil production demands in Brazil. This is the first FPSO hull complet...

BG delivers first gas from Starfish offshore Trinidad and Tobago

Dec 9, 2014

BG Group has produced first gas from the Starfish field in the East Coast Marine Area of Trinidad. 

Petrobras reports gas discovery offshore deepwater Colombia

Dec 3, 2014 Petrobras has reported the discovery natural gas at the Orca–1 exploratory well in the Tayrona block, located in Colombian Caribbean deepwater, 40 km (25 mi) off the coast of La Guajira, Colombia.

Trending News

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Latest Event Slideshows

Oil & Gas Jobs

Search More Job Listings >>