Brazil upstream news

The Sirius-2 well lies inside the area of the maritime block GUA-OFF-0, 77 km off Santa Marta at a water depth of 803 m.

Petrobras informs that it has started the teaser stage for the transfer of its 25% minority stake in the Tartaruga Field.

Also known as Mero-3, the FPSO has an operational capacity of 180 000 bpd of oil.

TotalEnergies has announced first oil from the third development phase of the Mero field on the Libra block, located 180 km off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin.

Under Brazilian law, an appeal phase must follow, during which the effects of the annulment ruling are suspended.

The contracts were signed for a total of 4 blocks, S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4th Permanent Concession Offer Cycle, all located offshore Brazil.

The platform can produce up to 100 000 bpd of oil in the Espírito Santo portion of the basin.

SLB’s OneSubsea joint venture has been awarded a major contract by Petrobras for the Roncador project, offshore Brazil.

Petrobras has reported that the Total Utilization Factor (FUT) of its refineries reached 96.8% in September, representing the highest monthly result in 2024.

Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.