Brazil Focuses on Cost Control in Deep Water
Petrobras says it can produce oil for a lower break-even price than onshore shale plays, including the Permian Basin. Brazil’s offshore sector has cut the cost of deepwater production but comparisons based on break-even prices are slippery.
Three Big Numbers Shaping the Global Crude Picture
Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.
Brazil’s Lula Field a Step Closer to Producing 1 Million B/D of Oil
Petrobras and Shell have brought online the Lula field’s seventh FPSO as the firms continue to ramp up production from the pre-salt Santos Basin.
Petrobras, Shell Start Production From Eighth Lula Field FPSO
The unit is flowing oil and gas from the Lula Extremo Sul area, 290 km off Rio de Janeiro state in 2150 m of water.
Total's Deepwater Output To Hit 500,000 BOE/D by 2020
Despite a trend toward renewables and low-carbon energy production among European majors, Total remains wholeheartedly committed to deepwater production.
Strengths and Weaknesses Guide Choice of Brazilian Subsea-Development Options
The paper provides a fast-track approach to perform screening assessment of multiple subsea concepts.
Equinor, ExxonMobil Rack up More Brazilian Presalt Acreage
Equinor and ExxonMobil continued their aggressive pursuit of acreage offshore Brazil, collecting more blocks in the country's 4th pre-salt bid round.
Making Money in Brazilian Oil Demands Patience, Persistence, and Problem Solving
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.
International Majors Expand Footprints in Brazil, Mexico
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.
First Three-Zone Intelligent Completion in Brazilian Presalt: Challenges and Lessons
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.
Triple-Zone Intelligent Completions Aid Extended Well Tests of Exploratory Wells
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, Total Complete Major Presalt Deals
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.
Brazil’s Presalt Libra Field Starts Producing Oil
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.
OTC: Brazil Energy Reforms Yield Big Lease Sales and Questions
Brazil is embarking on a 3-year round of bid sales offering international oil companies multibillion barrel prospects with better contract terms.
Riser-System Design in Water Depths Greater Than 3000 m
This paper evaluates the feasibility of a number of production- and export-riser configurations for ultradeepwater applications.
A Global Subsea-Hardware-Standardization Program Applied Offshore Brazil
This paper addresses the standardized features applied to the 10,000-psi-rated subsea-system components at the Espirito Santos FPSO in the Campos basin offshore Brazil.
Limited-Entry Liner With Retrievable Ball-Drop Diversion System in a Deepwater Brazil Field
This paper describes the design, testing, and execution of a unique deepwater completion system that adapts a known multistage ball-drop system used in onshore unconventional reservoirs.
Subsea Processing and Boosting in Brazil: Future Vision
This paper summary focuses upon reporting new research-and-development (R&D) initiatives related to subsea processing and boosting offshore Brazil.
Self-Diverting Acid for Effective Carbonate Stimulation Offshore Brazil
This work describes the positive results experienced when a self-diverting acid system based on a viscoelastic-surfactant (VES) technology was introduced for carbonate-reservoir stimulation offshore Brazil.
Heavy-Oil Papa-Terra Project Uses Innovative Solutions in Deep Water
The Papa-Terra field in the Campos basin in Brazil is identified as having an oil interval of 14.6°API in turbidite sandstones.
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