Brazil
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Once labeled “undrillable,” Brazil’s heavy-oil Atlanta field in the Santos Basin faced technical, financial, and logistical challenges. But through a phased approach, clever reuse of assets, and disciplined project execution, Brava Energia transformed a risky deepwater asset into a producing field with 172 million BOE in 2P reserves.
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FPSO is the fourth unit to go online in the deepwater pre-salt Mero field in 3 years.
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Operator targets first oil 30 months after field sanction of $1.5 billion heavy-oil project that will use a refurbished wellhead platform and FPSO.
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Brazil’s ANP extends BW Energy’s contract for the deepwater field from 2031 to 2042, and BW plans to further develop the field.
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In the next 3 to 5 years, South America and the Middle East will lead global investment, driven by greenfield developments, exploration, and midstream infrastructure. Brazil’s growth is fueled by deepwater pre-salt projects, while the Middle East focuses on gas and LNG, especially in Qatar, Saudi Arabia, and the UAE.
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The company said that quitting its solar and onshore wind power generation projects in Brazil is part of a "portfolio adjustment."
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Operator targeting 2029 for first production from the pre-salt gas-condensate discovery off Brazil.
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Mero expects to increase its production capacity to over 700,000 B/D.
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Discovered in 2010, the Búzios field offshore Brazil achieved a new milestone with the installation of its sixth production facility.
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The first two wells at Brava Energia’s Atlanta field are producing, with four more to be connected this year.
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