Brazil Archives - Panorama Insurance Brokers

Guyana and Brazil oil wells have high flow rates, best recovery – WoodMac

Future deepwater oil fields will enjoy twice the average estimated ultimate recovery (EUR) of fields already onstream and Guyana and Brazil are at the top of the list, according to consultancy group, Wood Mackenzie. In a new report, WoodMac said growth from deepwater is much faster than from upstream overall, with production set to rise… Read More

TechnipFMC bags subsea contract for Brazil’s Búzios 6-9 fields

TechnipFMC announced Tuesday that it has been awarded a substantial subsea contract by Petrobras for the Búzios 6-9 fields. Located in the Santos basin offshore Brazil, these fields are part of the pre-salt area, with a water depth of 2,000 meters. TechnipFMC will supply subsea trees with controls, electrical and hydraulic distribution units, topside systems, and… Read More

Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a contract by Petróleo Brasileiro (Petrobras) for the construction of the Floating Production Storage and Offloading Vessel (FPSO) named P-79 for the development of Búzios offshore field in Brazil. The FPSO P-79… Read More

Equinor, Exxon and partners sanction US$8 billion project in Brazil

Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD. “This is an exciting day. Bacalhau is the first greenfield development by an international operator in the pre-salt area and will… Read More

Singapore shipbuilder capturing big contracts for South America floaters

Keppel Offshore & Marine has secured yet another contract for a South America-bound floater. The company announced on Monday that it was hired for the turnkey delivery of P-78, one of the largest Floating Production, Storage and Offloading (FPSO) vessels in the world for operations at the Santos Basin in Brazil. “Scheduled for completion in… Read More

Brazil offshore wells could quadruple to 19 this year

(S&P Global Platts) Brazil’s National Petroleum Agency expects the number of exploration wells drilled off the country’s coast to nearly quadruple in 2021 to 19 wells as oil companies ramp up activity and the coronavirus pandemic wanes, the regulator’s superintendent for exploration said during a webinar April 28. The expected upswing in exploration activity came… Read More

Talks on ‘Arco Norte’ energy corridor to advance later this year – President Ali

The Governments of Guyana, Northern Brazil, Suriname, and French Guiana are due for a meeting later this year on the planned regional energy corridor. Guyana’s President, Dr. Irfaan Ali made the disclosure during a press conference on Wednesday. The planned electricity grid has already undergone studies which examined the utilization of the energy potential of… Read More