Petrobras

Equinor and ExxonMobil continued their aggressive pursuit of acreage offshore Brazil, collecting more blocks in the country's 4th pre-salt bid round.

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.

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.

Brazil is embarking on a 3-year round of bid sales offering international oil companies multibillion barrel prospects with better contract terms.

The CEOs of Petrobras and Statoil discuss the challenges their companies face in enacting economically and environmentally sound operational policies.

A former technical manager with Petrobras discusses the development of the company’s flow assurance philosophies and strategies.

Two years ago, as drillers approached the bottom of a deepwater well in the Lula field, they were stopped again and again by total drilling fluid losses.