CNOOC Limited (SEHK: 00883, SSE: 600938) has announced the early commencement of production at its Xijiang 30-2 Oilfield, situated in the Xijiang 30-1 Block in the eastern South China Sea. This development marks a significant milestone as the company accelerates its offshore operations to enhance oil output. Located in waters averaging 98 meters deep, the […]
SLB, a global leader in oilfield services, has secured a significant contract from Petrobras, Brazil’s state-controlled oil giant, for two major ultra-deepwater projects in the Santos Basin. The deal, awarded to SLB’s OneSubsea joint venture, marks a key milestone in the ongoing development of Brazil’s pre-salt oil fields. Major Contract Award SLB’s OneSubsea joint venture […]
SLB has announced a landmark contract award from Petrobras to its OneSubsea joint venture, marking a significant achievement in the development of Brazil’s offshore oil fields. This major contract, awarded after a competitive tender, involves the provision of subsea production systems and related services for two ultra-deepwater projects in the Santos Basin, a key region […]
In a pivotal move to boost oil production in Brazil’s prolific pre-salt Santos Basin, TotalEnergies, in collaboration with Petrobras (Petróleo Brasileiro S.A.) and other consortium partners, has announced the Final Investment Decision (FID) for the second phase of development at both the Atapu and Sépia fields. This decision underscores a significant advancement in the region’s […]
Petrobras, in collaboration with its partners, has initiated production from the second phase of the Mero field development, known as the Mero-2 project. This significant advancement occurs in the Libra block, located in the pre-salt area of Brazil’s Santos Basin, more than 180 kilometers off the coast of Rio de Janeiro. Significant Increase in Production […]
Petrobras has awarded a $3.05 billion order to Sembcorp Marine Rigs & Floaters to build the P-82 floating production, storage, and offloading vessel (P-82 FPSO) that will be deployed in the Búzios field, offshore Brazil. Located in the Santos Basin pre-salt area, the Búzios field is approximately 180km off the coast of the capital city […]
Saipem and Daewoo Shipbuilding & Marine Engineering (DSME) have bagged a contract from Petróleo Brasileiro (Petrobras) for the construction of the P-79 floating production storage and offloading vessel (P-79 FPSO) for the Búzios oil field in Brazilian waters. Overall, the P-79 FPSO project is worth around $2.3 billion with Saipem’s share being nearly $1.3 billion. […]
Equinor and its partners have approved the phase 1 development of the Bacalhau oil field in the Santos Basin, offshore Brazil with an investment of around $8 billion. The Bacalhau field spans across the BM-S-8 and the Norte de Carcará licenses. First oil from the offshore Brazilian oil field is targeted for 2024. Equinor is […]
Petrobras and its partners will move ahead with the phase 3 development of the Mero oil field in the Libra block offshore Brazil, having taken the investment decision. The Mero field is located deep offshore in the prolific pre-salt area of the Santos Basin, 180 kilometers off the Rio de Janeiro coast. The partners will deploy […]
Petrobras and its partners have ramped up production in Block BM-S-11A (Iara cluster) in the deepwater Santos Basin pre-salt offshore Brazil by starting production from the P-70 floating production storage and offloading vessel (P-70 FPSO). According to Total, a participant in Block BM-S-11A, the P-70 FPSO, which will produce the reserve of the Atapu field, […]