Latin America Geology & Geophysics News

Spectrum has embarked on the next portion of its multi-client seismic acquisition program offshore Brazil.

BPZ Energy has responded to recent enquiries concerning its seismic activity offshore Peru and a possible link to dolphin deaths.

Bahamas Petroleum Co. (LON:BPC) has issued an update on its exploration program offshore the Bahamas.

Exploration drilling should resume in mid-year on the Guyane Maritime permit off French Guiana, according to Wessex Exploration.

SeaBird Exploration (OSE:SBX) has won a $3-million contract to conduct 2D seismic acquisition in South America for an unnamed major operator.

Desire Petroleum has received the final processed 3D seismic volume covering North Falkland basin licenses PL003, PL004 and the majority of PL005.

OYO Geospace has contracted to supply $14.9 million in deepwater seabed seismic reservoir monitoring for the BC-10 field offshore Brazil.

Petrobras estimates that Brazil's presalt reserves contain about 50 Bboe – enough to turn the country into one of the world's top oil producers in this coming decade.

Dolphin Geophysical will start a 2D multi-client seismic survey for Spectrum ASA over blocks in the northern equatorial margin offshore Brazil.

Petrobras has announced that the first well drilled after the execution of the Transfer of Rights agreement confirmed the extension of the oil reserves located northwest of the Franco area discovery well, in the Santos basin pre-salt cluster.

Anadarko Petroleum Corp. says its Itaipu-2 presalt appraisal well offshore Brazil encountered a 58 ft (8 m) gross hydrocarbon column in a carbonate reservoir.

Bahamas Petroleum Co. plc says it has completed acquisition of a 3D seismic program offshore the Commonwealth of the Bahamas.

Petrobras and BG Brasil have signed a technical cooperation agreement to develop key technological solutions for overcoming the challenges they face.

Brazil currently produces 100,000 b/d of oil from its deepwater pre-salt fields, but is targeting a tenfold increase to 1 MMb/d by 2017.

Petrobras has awarded a $90-million contract to Electromagnetic Geoservices ASA for a range of surveys in frontier and mature basins offshore Brazil.

WesternGeco has started part two of its multi-client seismic survey in the Gulf of Mexico applying Dual Coil Shooting to acquire full-azimuth, ultra-long offset seismic data using four vessels on a circular survey path.

OGX Petróleo e Gás has another discovery in the shallow-water southern sector of Brazil’s Campos basin.

OGX Petróleo e Gás Participações S.A. reports finding Santonian section hydrocarbons in shallow-water well 1-OGX-47-RJS in block BM-S-59 offshore Brazil in the Santos basin.

Petróleo Brasileiro S.A. reports two more discoveries in Espirito Santo basin offshore Brazil.

Increasing domestic oil production has been a long-term goal of the Brazilian government, and recent discoveries of large offshore, pre-salt oil deposits could transform Brazil into one of the largest oil producers in the world. It is estimated that Brazil has 12.9 Bbbl of proven oil reserves, the second-largest in South America after Venezuela.

BG Group has doubled the reserves estimates for its pre-salt Santos basin holdings offshore Brazil.

BG Group has upgraded its share of reserves and resources in Brazil’s pre-salt Santos basin to 6 Bboe, with an upside potential of 8 Bboe net.

Repsol Sinopec says it has a significant pre-salt discovery at Gávea in the Campos basin offshore Brazil.

Petrobras is set to farm into two production-sharing contracts (PSCs) offshore Gabon.