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Brazil Oil & Gas News from DIT

Brazil Oil & Gas News from DIT

26 June 2018

The latest news on Brazil from the Department for International Trade.

• The offer of blocks for the 16th Round will be concentrated in the basins of Foz do Amazonas, Pernambuco-Paraíba, Jacuípe, Camamu-Almada, Campos and Santos, including only the offshore areas. Despite the difficulties in environmental licensing, Amazon River mouth sectors in the basin were included in the three rounds. The blocks proposed by the National Petroleum Agency (ANP) was approved by the National Energy Policy Council (CNPE) at its 36th ordinary meeting and involves a total of 11 sectors.
• Norway’s Equinor has completed the acquisition of a 25 percent non-operated interest in the Roncador oil field in Brazil’s Campos Basin from Brazil’s Petrobras. Based on current production the interest in Roncador, the third largest producing field in Brazil, increases Equinor’s equity production in Brazil by around 150% to around 100,000 boe per day from around 40,000 boe per day. Petrobras retains operatorship of Roncador and a 75% interest.
• Fugro secures two ROV services contracts with Petrobras. The two new contracts see Fugro’s ROV spread working round-the-clock to support drilling related activities, such as towing, mooring, commissioning and de-commissioning, and positioning of production and drilling units, as well as installation of subsea equipment in Petrobras oil fields. The ROVs are being deployed in water depths of 3,000 metres on the Brazilian continental shelf.
• Ten groups entered the bidding for the Petrobras contract to supply integrated logistic support services for Libra, in the Santos Basin pre-salt region. Among them are four shipping companies: CBO, Farol Apoio Marítimo, Oceanpact and Magallanes Navegação/Wilson Sons Ultratug, which is part of the same Brasco group that operates the port terminals in Rio de Janeiro.
• Karoon Gas has entered the development and production phase for the Echidna and Kangaroo light oil fields located off Brazil, following the receipt of approval from the country’s regulator for the fields’ Declaration of Commerciality. The RFAD and DoC approval from the ANP mark the end of the exploratory phase and the beginning of the development and production phase.
• Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by a joint venture between TechnipFMC (50%) and DOF (50%), started its eight-year charter contract with Petrobras. The vessel will work in the Campos, Santos and Espírito Santo basins. Skandi Recife has pipelay and marine technology with a 340 tons Vertical Lay System (VLS) tower, 2,500 tons underdeck carousel and two work-class ROVs, allowing it to lay flexible pipes in water depths up to 2,500 meters. It was built by Vard Promar Brazilian yard, where its sister ship, Skandi Olinda, is currently under construction.