Singapore’s Jurong Shipyard awarded Ezra Holding subsidiary London Marine Consultants (LMC), a contract to supply an external turret mooring system for the Libra field’s extended well test (EWT) FPSO vessel. The Libra oil field is a large…
With the discovery of deepwater pre-salt reservoirs offshore Brazil, national operator Petrobras began complex drilling operations to uncork the massive hydrocarbon reserves under these salt layers, which acted as seals, preventing the oil and gas from escaping…
In 2013, Brazil produced 2MMb/d of crude oil and nearly 1Tcf of gross natural gas. Within these figures, the share of production from presalt resources found under thick layers of salt thousands of feet below the ocean's surface remains small but continues to increase…
Deltamarin Ltd. entered into a contract with Jurong Shipyard Pte Ltd. for the conversion of Teekay’s Navion Norvegia to the Libra floating production, storage and offloading unit (FPSO), for operations in the Libra field, offshore Brazil…
An oil discovery has been confirmed in the Libra field, offshore Brazil, Petrobras announced on 27 October. The Brazilian state-owned firm said the well 3-RJS-731 (informally known as NW-1) confirmed the discovery of good quality oil in the northwestern portion of the structure…
Odebrecht and Teekay received a letter of intent from the Libra consortium to charter an FPSO for the extended well test campaign in the Libra area of the Santos Basin pre-salt, offshore Brazil, Petrobras announced on 10 October 2014. The…
No end in sight for giant conventional discoveries Despite the developments in unconventionals over recent years, giant conventional oil and gas fields continue to be discovered around the world. Over the past 10 years, eight of the top…
Brazil's state-run oil company, Petroleo Brasileiro, will sign a contract to build and lease a floating production ship for its Libra offshore project this month, company Chief Executive Maria das Gracas Foster said on 18 September, as reported by Reuters…
The latest EIC Monitor report paints a mixed picture of activity across the global upstream sectors in 3Q 2014, with a large decline in upstream activity. The global oil and gas industry has followed a gentle downward trajectory of project…
Petrobras announced drilling has started on the first exploration well on the Libra pre-salt area in the Santos basin offshore Brazil. Drilling on Libra, discovered in 2010, and estimated to contain 8-12 billion boe, comes as marine production…
Brazil could be poised to become one of the largest oil producers in the world, according to senior executives speaking at this year’s Rio Oil and Gas conference. Monday’s Shell luncheon at the event offered an outlook on the changes…
The Cidade de Mangaratiba FPSO has begun its journey from the BrasFels shipyard in Angra dos Reis to the Iracema South area of Petrobras’ Lula field, offshore Rio de Janeiro. The FPSO will be connected to wells in the pre-salt layer of the Santos basin…
Petrobras confirmed more hydrocarbon pay was found at the Jupiter prospect in the Santos basin pre-salt block BM-S-24 offshore Brazil. Map of Jupiter area. Image from Petrobras News Agency The…
Chariot Oil & Gas Brazilian subsidiary signed a farm-out agreement with AziLat subsidiary AziBras Exploração de Petróleo e Gás Ltda. on blocks BAR-M-292, BAR-M-293, BAR-M-313 and BAR-M-314 in the Barreirinhas Basin, offshore Brazil. AziLat…
The magnitude of the Libra area was the main highlight of Wednesday, May 7 at Brattec Offshore 2014, an event organized by the Brazil-Texas Chamber of Commerce. Petrobras’ executive manager for Libra, Anelise Lara, talked about the reservoir’s characteristics and the area’s development prospects…
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