Deepwater Oil Drilling: Latin America

Petrobras, Seadrill amend drilling rig contract terms

Seadrill Ltd. has announced that Petrobras approval had been received for the extensions of the ultra-deepwater semisubmersibles the West Taurus and West Eminence

Petrobras reports first Libra appraisal well production test

The Libra Consortium has completed the drilling and testing of the first appraisal well in the Libra area, 3-BRSA-1255-RJS (3-RJS-731), informally known as NW1.

Petrobras finds heavy oil at Basilisco in Campos basin

Petrobras has discovered heavy-oil accumulations in the BM-C-35 concession in the postsalt Campos basin. 

More deepwater WDDM wells go onstream offshore Egypt

BG Group’s Egyptian oil and gas production increased to 68,000 boe/d during 4Q 2014, up from the previous two quarters.

Petrobras finds new reservoir at Farfan in deepwater Sergipe basin

Petrobras has confirmed an extension of a light oil and gas discovery in the ultra-deepwater Sergipe basin’s Farfan area.

Petrobras hails lower-cost subsea tree deployment

Petrobras says it deployed its first wet christmas tree at the end of last year using cables in the presalt area of the Santos basin.

Ultra-deepwater elephants: Giving way or marching ahead?

The OPEC resistance to reduced production quotas has spurred a continued oil price drop, following the trend from this past June. With Brent oil prices currently at $70/bbl, how robust are deepwater and ultra-deepwater developments? Will ultra-deepwater costs related to water depth, drilling time and other complexities favor the deepwater developments, or will the sheer size of ultra-deepwater elephants wrestle through to development no matter what?

LMC to supply turret system for Libra well test vessel

Jurong Shipyard has awarded London Marine Consultants (LMC) a contract to supply an external turret mooring system for the extended well test (EWT) FPSO vessel that will operate on the Libra oil field in the Santos basin offshore Brazil. 

Petrobras proves more deepwater oil in Sergipe-Alagoas basin

Petrobras has confirmed a second oil find in the Fanfan area in the deepwater Sergipe-Alagoas basin offshore Brazil.

Partners to negotiate unitization of Iara area fields offshore Brazil

BG Group (LSE: BG.L) says partner Petrobras has submitted Declarations of Commerciality (DoCs) to ANP for three separate oil and gas accumulations in the Iara area in the presalt Santos basin offshore Brazil.

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Offshore Top 5 Projects - 2014

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