France’s TotalEnergies Produces First Oil from Mero-4 Field in Brazil
French energy company TotalEnergies has announced the first oil production from the fourth development phase of the Mero field, located in the Libra block, approximately 180 kilometers off the coast of Rio de Janeiro, in the pre-salt zone of the Santos Basin, Brazil. Launched in August 2021, the new phase—known …
Brazilian Authorities Demand to Reduce Gas Injection into New Oil Wells
The Brazilian president intends to fulfill his promise to reduce gas prices, so he ordered to reduce the injection of natural gas into new oil wells. Brazilian President Luiz Inacio Lula da Silva has issued a decree according to which the regulator will monitor the reduction of gas injection into …
Brazilian Petrobras Will Invest About $300 Million in Drilling Two Exploration Wells
Brazilian state oil company Petrobras plans to invest about $300 million to drill two exploration wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week. The license, awarded by environmental agency Ibama on Friday, is Petrobras’ first since 2013 to drill in the so-called …
Equinor Presented a Development Plan for the Raia Manta and Raia Pintada Fields Offshore Brazil
The Norwegian state-owned energy company Equinor Energy AS has submitted a commercialization declaration and development plans for two fields within the BM-C-33 block to the Brazilian National Petroleum Agency (ANP). The company’s press service reports this. Raia Manta and Raia Pintada deposits names of deposits and plans for their development …
Brazilian Petrobras Announces New Upstream Policy
Brazil’s state oil company Petrobras said Monday it has decided to suspend the sale of some key assets. The oil giant said it would no longer sell the Uruk and Bahia Terra clusters, as well as the Manati oil field and its subsidiary Petrobras Operaciones in Argentina. The asset sale …
Petrobras Upgrades Offshore Hydrocarbon Platforms in Brazil
State-owned Petrobras has put into operation two new production platforms for offshore fields in Brazil. These facilities will not only help increase hydrocarbon production, but also reduce the burden on the environment, the company reports. One of the installations is called Anita Garibaldi, the other is Anna Nery. Both platforms …
Oil Production in Brazil May Grow by 4-5% in 2023-2024
Oil production in Brazil in 2023-2024 may grow by 4-5%. This was stated by the CEO of the Brazilian oil and gas company Petrobras J.-P. Prates. According to him, the company already has 2 new FPSO floating vessels, which will increase oil production. An increase of 4-5% is expected this …
Brazil Resumes Production at Atlanta Field
Brazilian oil and gas company Enauta has completed scheduled maintenance on its floating production, storage and offloading vessel FPSO Petrojarl I, which is currently operating in the Atlanta field, located in the Santos Basin offshore Brazil. As early as May 2023, Enauta commenced preventive maintenance on the floating platform FPSO …
Dutch SBM Offshore Completes Funding for FPSO Project Alexandre de Gusmão in Brazil
SBM Offshore, a group of companies headquartered in the Netherlands, announced the signing of an agreement to finance the Alexandre de Gusmão FPSO project for a total of $1.615 billion. SBM Offshore designs, builds, installs and operates offshore platforms for the oil and gas industry. The project is financed by …
TotalEnergies to Split Production at Site in Brazil
France’s TotalEnergies has signed a production sharing agreement for its Agua Marinha block with other operators, the company said in a press release. “TotalEnergies and its partners Petrobras, QatarEnergy and Petronas Petróleo Brasil Ltda (PPBL) signed a production sharing agreement for the Agua Marinha block on May 31, 2023,” the …