Brazil

Brazil’s large offshore discoveries and domestic demand for oil and gas are a combination that holds potential for explorers to make money on high-priced blocks. A series of offshore auctions offering more attractive properties at more reasonable terms have attracted aggressive bidding.

With presidential elections looming and energy reforms at a critical juncture, the two Latin American energy powers awarded a bevy of blocks to a who’s who of international oil companies.

Since the first intelligent completion was installed 20 years ago, the systems have become increasingly complex in order to reach productivity and optimization goals, allowing real-time independent monitoring and management of each zone in the well.

This paper describes an extended-well-test campaign using intelligent completions in a presalt reservoir. To understand reservoir behavior during production better, several options were analyzed for the first extended well test.

Petrobras and Total have executed two major transactions involving deepwater, presalt development assets offshore Brazil, with Total becoming the first major international company to operate a Brazil presalt field.

Wärtsilä plans to develop a harbor tug design to maximize ecological operational sustainability to be used a new port facility being built in the Brazilian city of São Mateus, which will have environmental demands among the most stringent in the world.

One of the largest presalt discoveries offshore Brazil has started producing oil. Libra field’s 1-year extended well test will provide technical data and cash for future development, which envisions three more FPSOs.

Statoil selected the name “Empire Wind” for its offshore wind site located off the southern coast of Long Island, New York. The company also recently stepped into solar power in Brazil.

This paper aims to develop a Brazilian baseline for front-end planning and cost estimation of the decommissioning, removal, and disposal options.

Low oil prices have made the goal of this Petrobras project and its four partners to lower the break-even price of operating to USD 35/bbl.