Browse the latest brazil upstream news news and articles.
At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the combined effect on oil and gas activities of the Covid-19 virus and the oil price war.
The oil was discovered in the exploratory Natator well in the Sudoeste de Tartaruga Verde block.
Oil has been discovered n the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt offshore Brazil.
ANP announced the suspension in compliance with a request from the country's Ministry of Mines and Energy.
Oil production will be cut by 200 000 bpd, a volume that includes the reduction of 100 000 bpd announced on 26 March 2020.
The company will reduce planned investments for 2020 from US$12 billion to US$8.5 billion.
The Campos Deepwater GeoStreamer X project will deliver long offset, multi-azimuth seismic data over the deepwater portion of the northern Campos Basin.
The contract is significant for the offshore Brazilian oil and gas industry, which typically uses thermoplastic hose umbilicals.
The Petrobras-led Búzios Project will be recognised at this year's Offshore Technology Conference for the use of technological advancements in extreme conditions.
The actuators will be operated by end user Modec to control the flow of oil and gas from the FPSO to the metering system.
The four companies have entered into related agreements on 30 January 2020.
Subsea Integration Alliance, SIA formed by Subsea7 and OneSubsea has been selected for the subsea, umbilical, risers and flowlines contract and MODEC Inc. for the FPSO contract.