Exclusives

The Pluma-1 well, which was drilled by the Noble Tom Madden drillship, hit about 37 m (121 ft) of high-quality hydrocarbon-bearing sandstone reservoir.

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.

Drilling

A decision by Petrobras (NYSE: PBR) not to invest in drilling new wells has derailed Chevron Corp.’s (NYSE: CVX) plan to resume exploration in a Brazilian offshore field, people familiar with the matter said on Oct. 30.

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.

Enhanced Oil Recovery

Field Development

Petrobras said it had started production on its eighth platform in the offshore Lula Field, as it ramps up output from Brazil's Santos Basin in the coveted pre-salt oil play.

The company also said it expects to generate substantial free cash flow in 2018, allowing it to initiate a dividend in the first-quarter of 2019.

Aker Solutions said Oct. 5 it has signed a contract with Petrobras (NYSE: PBR) to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil’s pre-salt area.

The increase in production next year will be helped by the launch of platforms P-67 and P-69, which should go online in 2019, according to Cristiano Pinto da Costa, Shell’s general manager for the Lula, Sapinhoa, Iracema and Lapa fields.

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.