Page 10 - LatAmOil Week 30 2022
P. 10

LatAmOil                                         GUYANA                                             LatAmOil



                         The partners have already secured and mobi-  of hydrocarbons at the Kawa-1 exploration
                         lised the necessary long-lead materials and are   well. We are focused now on the transforma-
                         awaiting rig release from a third-party operator.   tional potential of the Corentyne block ahead of
                         They will be using the Maersk Discoverer, the   spudding the Wei-1 exploration well in Octo-
                         same rig that drilled the Kawa-1 well, to sink   ber 2022, pending rig release from the current
                         Wei-1.                               operator.”
                           This second well will be drilled to a depth of   Orlando Cabrales, Frontera’s CEO, con-
                         around 6,248 metres at a site 14 km north-west   curred. “Frontera is excited to complete this
                         of Kawa-1 in 1,912-metre-deep water.  agreement with CGX and continue our work
                           Prof. Suresh Narine, the executive co-chair-  together on the Corentyne block,” he said.
                         man of CGX, commented: “CGX is pleased to   “Building on the joint venture’s recent light oil
                         complete this farm-in agreement with Frontera,   and condensate discovery at the Kawa-1 explo-
                         which enables CGX to strengthen its balance   ration well, the agreement supports CGX’s cap-
                         sheet and secure funding for the Wei-1 explora-  ital needs for the Wei-1 exploration well and
                         tion well. Our continued partnership with Fron-  provides Frontera with an increased partici-
                         tera reflects the significant value we have created   pating interest in the Corentyne block, which is
                         on the Corentyne licence and the opportunity   truly one of the most exciting exploration areas
                         set that is now before us following the discovery   in the world.” ™




                                                        BRAZIL
       Tenaris to provide products and service



       to Petrobras for Búzios deepwater project






                         BRAZIL’S national oil company (NOC) Petro-  advanced equipment that this project will
                         bras has awarded a four-year contract to Luxem-  involve. Petrobras also intends to make use
                         bourg’s Tenaris for the provision of products and   of the PipeTracer digital tool, which provides
                         services that will be used for the Búzios deepwa-  access to products’ technical specifications and
                         ter project. The deal covers more than 100,000   creates digital tallies, thereby eliminating the
                         tonnes of seamless and welded casing, in carbon,   need for manual measurement.
                         sour-service and high-collapse steel grades.  Búzios, a large deepwater oilfield in the pre-
                           Petrobras has also chosen to use TenarisHy-  salt section of the offshore Santos basin, is cur-
                         dril BlueDock weld-on connectors, which have   rently yielding about 700,000 barrels per day
                         proved to work well with the conductor casing   (bpd) of oil on average. It is expected to see pro-
                         that the company has selected, for the Búzios   duction rise to 2mn bpd by 2030, equal to 70%
                         project. The state-owned company has tested   Brazil’s current national production levels. ™
                         the conductor casing and confirmed its compli-
                         ance with international protocols such as ISO
                         13679 and API 5C5. The connectors come with
                         automatic anti-rotational keys (AARK), thereby
                         enabling hands-free activation with the use of
                         special tools.
                           Other components that will be used include
                         TenarisHydril Blue Heavy Wall, Blue Max and
                         Wedge 623 premium connections. All of the
                         components that will be provided to Petro-
                         bras for use in the project are equipped with
                         enhanced safety features that are also designed
                         to achieve operational efficiency.
                           Tenaris will serve Petrobras according to its
                         Rig Direct service model, under which pipes will
                         be delivered to the port and will be ready to be
                         run at the offshore rig. These pipes will be man-
                         ufactured at Tenaris’ Confab production mill
                         in Brazil, as well as the company’s Tama mill in
                         Mexico and Dalmine mill in Italy.
                           The physical components to be used during
                         oil exploration are not the only technologically   The Búzios oilfield may be producing some 2mn bpd by 2030 (Image: Petrobras)



       P10                                      www. NEWSBASE .com                           Week 30   27•July•2022
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