Brazil upstream news

Petrobras has informed that the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in 3Q24.

Sonardyne has announce the next phase of the pioneering On Demand Ocean Bottom Node (OD OBN) development project in Brazil.

Vallourec has announced the signature of a 5 year contract with Equinor in Brazil for the turnkey supply of premium tubes and connections, accessories, and services.

Trendsetter Engineering has announced that it has been awarded a significant contract by Trident Energy do Brasil to deliver two six-slot production subsea manifolds for the Bonito and Bicudo Fields in Brazil.

Baker Hughes has announced a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.

Sulzer Flow Equipment has been selected by TechnipFMC to collaborate in developing new subsea CO2 pump solutions for new technologies. Petrobras’ high pressure separation technology, HISEP®, enables the separation of CO2-rich natural gas from oil at the seabed.

Shearwater GeoServices Holding has ramped up its multi-client activity and has announced the Pelotas Basin 3D. This is the fifth multi-client 3D acquisition project so far.

Petrobras is the company in the global oil and gas market whose investment has grown the most. In 2023, the company practically doubled its investment effort, totalling US$ 21.4 billion between direct investments and assets related to the leasing of production units, compared to an amount of US$ 10.9 billion in 2022.

SLB has been awarded three contracts by Petrobras (NYSE: PBR) for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield.

Petro-Victory Energy has provided an update on the workover campaign to increase oil production in the 100% owned São João field in the Barreirinhas Basin in Maranhão, Brazil.