Petrobras, BG Group, and Repsol have signed a Letter of Intent with the Schahin/Modec consortium for the construction and 20-year lease of an FPSO for the Guará pilot project in the BM-S-9 block in the Santos basin, offshore Brazil.
Brazil’s largest offshore independent, OGX, has announced a 39.6% increase in its independently certified net risked prospective resources, according to a regulatory filing by the company.
The Guara discovery in the Santos basin pre-salt, offshore Brazil is estimated to contain recoverable volumes of 1.1 to 2 Bboe, according to BG Group, Petrobras, and Repsol.
Oil and natural gas production has been resumed from the Extended Well Test (EWT) for the Tupi area in the Santos basin, offshore Brazil, according to Petrobras.
During an annual planned inspection on the Siri installation offshore Brazil, DONG Energy observed minor cracks in a water tank connected to the oil storage tank below the platform.
Brazilian national oil company Petrobras needs more capital to carry out its ambitious subsalt development program, but the transfer of 25 billion real ($13.3 billion) in treasury notes from state bank BNDES will ensure that offshore projects continue to move forward as planned.
Production has begun from the FPSO Espirito Santo in the BC-10 field development in the Campos basin offshore Brazil, according to the BC-10 Joint Venture, which is operated by Shell with ONGC Campos and Petrobras as co-venturers.
Production has begun from the multi-field Parque das Conchas project in the Campos basin, according to Shell.
Petrobras expects it will take up to four months to replace subsea equipment during an extended well test (EWT) at the Tupi field offshore Brazil.
Chevron Corp. subsidiary Chevron Brasil Upstream Frade Ltda. has begun crude oil production from the Frade field, the company's first operated deepwater development in Brazil.
Petrobras has kicked-off production at the Cangoá and Camarupim gas fields off the northern coast of Espírito Santo. The projects are part of the Gas Production Anticipation Plan (Plangás), which was launched in 2006 aiming to leverage the domestic production of natural gas.
