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Latin America Offshore Regional Report

Latin America Offshore Oil & Gas News

Drilling begins on Libra field offshore Brazil

With a target depth of 5,850 m (19,193 ft), the first appraisal well was spudded on Libra field off the coast of Brazil in early August.

Maersk sells Venezuela offshore drilling subsidiary

Maersk Drilling is selling its drilling barge business in Venezuela to Panama-based investment company Barrystar Holding.

GE displays technologies at Rio Oil & Gas event

During Rio Oil & Gas, which takes place Sept. 15-18 in Rio de Janeiro, GE Oil & Gas will present solutions for the Latin American oil and gas industry that focus on meeting customer needs.

Drilling & Completion

Statoil acquires deepwater acreage offshore Colombia

Statoil ASA has signed farm-in agreements with Repsol for deepwater licenses offshore Colombia.

Petrobras finds more oil in Moita Bonita

Petrobras has proven an extension of a gas and light oil discovery in the Moita Bonita area of the Sergipe-Alagoas basin offshore Brazil.

Swissco to supply MODUs

Swissco Holdings Ltd. and four wholly owned subsidiaries of Scott and English Energy Pte. Ltd. have entered into charter contracts worth around $94.8 million.

Field Development

Drilling begins on Libra field offshore Brazil

With a target depth of 5,850 m (19,193 ft), the first appraisal well was spudded on Libra field off the coast of Brazil in early August.

Technip awarded EPIC contract for Juniper field

BP Trinidad and Tobago LLC has awarded Technip an engineering, procurement, installation, and commissioning lump-sum contract for the development of the Juniper project off the southeast coast of T...

Petrobras issues update on three presalt fields

Petrobras has submitted a declaration of commerciality for oil and gas fields in the Sul de Guará, Nordeste de Tupi, and Florim areas in the presalt Santos basin.

Subsea

GE displays technologies at Rio Oil & Gas event

During Rio Oil & Gas, which takes place Sept. 15-18 in Rio de Janeiro, GE Oil & Gas will present solutions for the Latin American oil and gas industry that focus on meeting customer needs.

Petrobras commits to second Aker subsea intervention vessel

Petrobras has contracted Aker Oilfield Services (AKOFS) to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel.

Technip awarded EPIC contract for Juniper field

BP Trinidad and Tobago LLC has awarded Technip an engineering, procurement, installation, and commissioning lump-sum contract for the development of the Juniper project off the southeast coast of T...

Geology & Geophysics

Statoil takes first steps toward exploration offshore Nicaragua

Statoil has signed a cooperation agreement with Nicaragua’s state-owned company Petronic.

EMGS agrees with Petrobras to use EM Leader

Electromagnetic Geoservices ASA (EMGS) has received a contract worth $5.5 million from Petrobras for 3D EM data acquisition in Brazil.

Statoil acquires deepwater acreage offshore Colombia

Statoil ASA has signed farm-in agreements with Repsol for deepwater licenses offshore Colombia.

Pipeline & Transportation

Tenaris will supply gas pipeline Rota 3 for Brazilian presalt

The 2014-2018 Petrobras Business Plan foresees the allocation of $10 billion in the oil and gas sector, including projects related to subsea pipelines for gas transportation from the presalt area, ...

Saipem to install Lula presalt pipelines, risers offshore Brazil

Petrobras has contracted Saipem for construction of subsea facilities for the Lula Norte, Lula Sul, and Lula Extremo Sul project offshore Brazil.

Two more floaters to be installed in Santos basin

BG Group has provided an update on its offshore activity in its latest results statement.

Production

Drilling begins on Libra field offshore Brazil

With a target depth of 5,850 m (19,193 ft), the first appraisal well was spudded on Libra field off the coast of Brazil in early August.

Optimism reigns following Mexico’s oil and gas reform

Optimism regarding Mexico’s oil and gas future continues to grow as new rules and operating procedures are rolling out subsequent to last year’s constitutional amendment and the more recent passage...

FPSO Cidade de Mangaratiba leaves yard for presalt Santos basin

On Aug. 16, the Schahin–Modec consortium, hired by Petrobras to build and operate the FPSO Cidade de Mangaratiba, initiated the process of moving the vessel out of the BrasFels shipyard, in Angra d...

Rigs/Vessels

Hydramec chooses Scantrol LARS system for ROV

Scantrol has delivered an active heave compensation (AHC) package for a launch and recovery system (LARS) to serve an observation ROV. The LARS is designed by Hydramec.

 

iSURVEY awarded two-year contract with Island Offshore

iSURVEY has been awarded a two-year contract with offshore vessel owner, Island Offshore Management. iSURVEY will provide positioning services to Island Offshore as part of a call-off arrangement.

Millionth barrel of oil produced at Prirazlomnoye field

Prirazlomnoye field has produced its millionth barrel of oil. A second tanker is currently being loaded.