Brazil

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.

FPSO is the fourth unit to go online in the deepwater pre-salt Mero field in 3 years.

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.

Brazil’s ANP extends BW Energy’s contract for the deepwater field from 2031 to 2042, and BW plans to further develop the field.

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.

The company said that quitting its solar and onshore wind power generation projects in Brazil is part of a "portfolio adjustment."

Operator targeting 2029 for first production from the pre-salt gas-condensate discovery off Brazil.

Mero expects to increase its production capacity to over 700,000 B/D.

Discovered in 2010, the Búzios field offshore Brazil achieved a new milestone with the installation of its sixth production facility.

The first two wells at Brava Energia’s Atlanta field are producing, with four more to be connected this year.