Baker Hughes awarded subsea contract for Petrobrasâ Marlim and Voador fields in Brazil 5/3/2021
RIO DE JANEIRO â Baker Hughes has been awarded a subsea oilfield equipment contract from Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. The contract includes several key technologies from Baker Hughesâ Subsea Connect portfolio and will provide Petrobras with a connected suite of solutions to help drive efficiencies, reduce costs and improve execution speed.
Baker Hughes will supply up to five subsea production and injection manifold systems, which benefit from a lightweight and compact design for installation from smaller vessels and include integrated hydraulic connection systems and retrievable choke modules to realize life of field cost savings. The manifold systems will also include Baker Hughesâ field proven vertical mechanical clamp connection system which increases ins
Rio de Janeiro Brazil s National Petroleum Agency expects the number of exploration wells drilled off the country s coast to nearly quadruple in 2021 to 19 wells as oil companies ramp up activity and the coronavirus pandemic wanes, the regulator s superintendent for exploration said during a webinar April 28.
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The expected upswing in exploration activity came after the industry implemented measures to guard against offshore outbreaks that can disrupt operations. In addition, coronavirus vaccine rollouts, while slow, are accelerating and should reach critical mass through the remainder of 2021, executives said. What we re seeing is that companies are cautious, but optimistic, the ANP s Marina Abelha, said. The agency s quick actions helped maintain oil industry investments targeted for Brazil although the work was likely pushed slightly into the futur
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Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Yes, we re going to have a drilling campaign in 2021, with the timing focused on the second half of 2021, Araujo said during a webinar. Shell hired Seadrill s West Tellus rig to conduct the drilling campaign, Araujo said.
Shell is moving full-steam ahead with exploration of a plethora of fresh acreage snapped up at licensing rounds held in 2017-2019, when Brazil eased restrictions on subsalt development and allowed foreign oil companies to operate subsalt fields sold under production-sharing contracts. Shell purchased several subsalt blocks in production-sharing auctions, as well as stakes in concession blocks holding subsalt potential located outside the polygon that required production-sharing contracts.
Here is an overview of global regions that could benefit from GOM uncertainty stemming from the Biden administration s leasing moratorium.
A temporary U.S. federal moratorium on new oil and natural gas leases has been in place since January as part of a Biden administration executive order to review new fossil fuel leasing and permitting practices, amid other climate change initiatives to reduce carbon emissions.
Analysts say the moratorium has had little or no immediate impact on current production in the U.S. Gulf of Mexico (GOM) given acreage already in play. That could change.
“In case of a moratorium in the U.S. offshore Gulf of Mexico federal region or complete ban on new leases, the impact would not be felt immediately but may have serious ramifications on production and investments after four to five years,” said Atul Prasad Gupta, assistant director, Oil & Gas Practice with Acuity Knowledge Partners.