OPPORTUNITIES in Uruguay have convinced Statoil to acquire a 15 per cent working interest in offshore exploration block 14 from Total, the company announced in February. This represents a new impact opportunity for Statoil and a new country entry. Block 14 is located in the Pelotas basin of the South Atlantic Ocean, around 200 kilometres off the coast of Uruguay, covering an area of 6,690 square kilometres. The block is
WOOD Group will deliver operations and maintenance services to the Polvo A platform in the southern Campos basin as part of a recently awarded contract by PetroRio. Integrated operations and maintenance services will be provided by Wood Group PSN under the two year contract, which is effective immediately, Wood Group said in a January announcement. Campos basin is located about 100 kilometres off the coast of Rio de Janeiro, Brazil.
MODEC will team up with three fellow Japanese companies to invest in a long-term deepwater floating production, storage and offloading (FPSO) vessel charter project for work offshore Brazil. Modec will team with Mitsui & Co, Mitsui OSK Lines and Marubeni Corporation to provide a vessel for work in the Tartaruga Verde and Tartaruga Mestiça oilfields. The three will invest in a Dutch company established by Modec, Tartaruga MV29, which in
PETROBRAS has appointed the former head of state-owned Banco do Brasil, Aldemir Bendine, as chief executive, following the resignation of Maria das Graças Silva Foster and five other executives amid a series of corruption allegations. Prosecutors and police allege construction companies formed cartels to win inflated contracts at Petrobras, giving kickbacks to executives at the state-controlled oil producer as well as to politicians. A record 23 billion reais in suspect
AUSTRALIAN oil and gas explorer Karoon Gas announced completion of its side-track program of the company’s Kangaroo 2 appraisal well, located in offshore Brazil. The company reported 39 degree API oil was recovered from Paleocene aged reservoir. Penetrating oil bearing sands in the Paleocene reservoir section, the company recovered five fluid samples by wireline from a 37 metre gross oil column with a net to gross of 60 per cent