Petrobras Discovered Oil in the Deepwater Part of the Campos Basin
Petroleo Brasileiro SA (Petrobras) discovered oil and natural gas accumulations in the deepwater part of the prolific Campos Basin on the continental shelf of Brazil. This was reported by the company’s press service. Petrobras intensified exploration activities on its core acreage in an effort to unlock additional reserves. The company …
Petrobras Expands Its Oil and Gas Portfolio with an Offshore African Field
Brazilian Petroleo Brasileiro SA (Petrobras) has expanded its oil and gas asset portfolio with a new exploration block in Africa. This was reported by the company’s press service. Petrobras signed an agreement to acquire a stake in offshore Block 3 on the continental shelf of São Tomé and Príncipe from …
Equinor Began Drilling Operations Under the Raia Project Offshore Brazil
Equinor has started drilling operations under the Raia project on the continental shelf of Brazil.This was reported by the company’s press service. As part of the drilling campaign, 6 wells are planned to be drilled approximately 200 km off the coast of Brazil at a depth of about 2,900 m. …
Petrobras Discovered a New Gas Field in Colombia
The Brazilian company Petroleo Brasileiro SA (Petrobras) has discovered a new natural gas field on the continental shelf of Colombia.This was reported by the company’s press service. The discovery was made during the drilling of an exploration well within the deepwater block GUA-OFF-O. The Copoazu-1 well is located approximately 36 …
Sierra Leone to Auction 60 Offshore Oil and Gas Blocks at the End of the Year
Sierra Leone will delay its new oil and gas auction until the end of the year as the country awaits results from a large-scale seabed survey that has just concluded — the first such study in over ten years, according to Reuters. Last month, the company GeoPartners, together with the …
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 …
Petrobras Ceded Its Entire Stake in the Cherne and Bagre Fields in the Campos Basin to Perenco
Brazil’s largest state-controlled oil and gas company, Petróleo Brasileiro SA (Petrobras), said it has signed contracts to cede its entire stake in the shallow-water Cherne and Bagre fields in the Campos Basin to one of the largest independent oil and gas companies, Perenco Petroleo e Gás do Brasil Ltda (Perenco). …
American Westlawn Americas Offshore Begins Expansion Into Latin America
Houston-based Westlawn Americas Offshore, part of the Westlawn Group, is entering the Latin American oil and gas playground through a deal with Brazilian oil and gas company Enauta. Westlawn Americas Offshore has signed a sales agreement with Enauta to purchase a 20% interest in the BS-4 concession, which includes the …
The Head of Petrobras Said That Brazil Will Join OPEC+
Brazil will join OPEC+ (an expanded partnership format of OPEC oil exporting countries), but will not reduce energy production within the limits agreed upon by the association. Jean-Paul Prates, CEO of the Brazilian national oil and gas company Petrobras, announced this in an interview with Reuters. “We would never be …
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 …