Under the terms of the agreement, Emerson will provide dedicated servers and associated hardware infrastructure to Petrobras and manage those systems on its behalf.
A study by Rystad Energy has concluded that offshore projects sanctioned between 2010 and 2012 have barely been able to generate any value for E&P companies.
Under the revised plan, estimated gross production from Ruche phase 1 offshore Gabon is forecasted to double from 15 000 bpd to 30 000 bpd.
The contract is with Serica Energy and is expected to commence in 4Q20.
FAR has said it believes the project will deliver the company a net 13 670 bpd of oil production at US$$11/bbl OPEX, with an unlevered project internal rate of return in excess of 30%.
The sale includes Total's stake in Block CA1, located 100 km off the coast of Brunei.