Exclusives

Peregrino, Brazil, offshore, Equinor, presalt, Tim Dodson

Hart Energy spoke to Tim Dodson, executive vice president of exploration for Equinor, during the recent ONS2018 conference about the growing importance of Brazil to the company’s exploration portfolio.

The program aims to reduce capex and opex for production offshore in areas such as subsea systems, surface systems, processing and construction, starting with 39 R&D projects.

An RCP/Wintershall venture examines usefulness of multicomponent data.

The promise of big discoveries offshore South America is set to continue for years to come.

Nelson Queiroz Tanure, PetroRio, Polvo Field, Brazil oil and gas, FPSO Polvo

The company is working to extend the life of the field, increase its recovery factor and avoid premature decommissioning.

Drilling

Frontera Energy Corporation on Aug. 17 announced positive drilling results from the Acorazado-1 well located on the 100% owned and operated Llanos 25 block onshore Colombia. As a result, the well is being cased in preparation for testing.

Echo Energy Plc said July 9 it has successfully completed the drilling of the CSo-2001(d) well in which a notable gas column has been interpreted from the wireline logging suite.

The projects, known as Liza Phase 1, include the conversion of an oil tanker into a FPSO vessel, which would have a production capacity of 120,000 bbl/d of oil.

The French oil major wants to explore Brazil’s Foz do Amazonas Basin, but Brazil's environmental agency rejected its license application on May 29 for a fourth time.

Echo Energy plc said May 18 it has successfully completed the drilling of the ELM-1004 exploration well at the company’s Fracción C asset, onshore Argentina and a gas discovery for the first well in its four well exploration campaign.

Enhanced Oil Recovery

Field Development

The company plans to raise its Brazilian output to between 300,000 and 500,000 barrels of oil equivalent per day (boe/d) by 2030, from 90,000 boe/d today by developing new fields, including the giant Carcara discovery.

GeoPark Ltd. (NYSE: GPRK), on Aug. 20 announced the successful drilling and testing of the Jauke 1 exploration well in the Fell Block (GeoPark operated, 100% WI) in Chile.

The move is expected to unlock $16 billion in investment for Latin America’s top oil producer

Exxon Mobil and U.S.-based partner Hess Corp. said more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block offshore Guyana.

Due to the field’s high production potential, four more production units will be destined for this field between 2018 and 2021, the company said.