Brazil upstream news

The FPSO operating the well has the capacity to process up to 150 000 bpd and treat up to 6 million m3 of natural gas.

MAN will supply Yinson with four RB-type centrifugal-compressor trains for gas production and export, as well as two screw-compressor trains, which will be put into operation as vapour-recovery units.

The company is selling its entire stake in the Atum, Curimã, Espada and Xaréu shallow-water oilfields.

Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.

The contract for the lease and operation of the BW Cidade de São Vicente will now expire on 9 October 2020.

The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks offered in Rounds 15 and 16.

The sale is in line with the company's decision to focus its resources increasingly on deep and ultra-deep waters.

Shell is the operator of the block with a 45% stake, along with Chevron, also at 45%, and Ecopetrol, with 10%.

The Parque das Baleias Area offshore Brazil has reached the mark of 1 billion bbl of oil produced.

ABS is providing detailed guidance on navigating the unique regulatory environment for offshore operators in Brazil.