Page 15 - LatAmOil Week 18 2022

LatAmOil NEWS IN BRIEF LatAmOil

“By including higher risk/reward opportunities
in our drilling campaign the Company and its
shareholders can expect to benefit from a much
higher set of economic returns. Furthermore, we
believe that by operating a range of well-types, a
number of which are not typical to the region,
the Company will be hold a considerable advan-
tage over other participants in forthcoming
licensing rounds.
“The strength of Trinity’s balance sheet and
our capital efficient business model enables us
to fully fund the 2022 Drilling Programme from between $500mn and $1bn. The platform, an FPSO (floating unit for
existing cash resources. We believe that the TechnipFMC, May 2 2022 the production, storage, and transfer of oil and
upcoming drilling activity has the potential to gas) type, is capable of processing up to 180,000
be transformational for the Company and look Petrobras awards Prosafe barrels of oil and 12mn cubic metres of gas,
forward to updating shareholders as we progress which represents 6% of the production operated
operations.” four-year contract for Safe by Petrobras, contributing to the company’s
Trinity Exploration & Production, May 3 2022 expected production growth. Mero is the third
biggest pre-salt oilfield (behind only Búzios and
TechnipFMC receives notice Notos offshore Brazil Tupi).
Prosafe has been awarded a contract by
The platform arrived at the Mero field in
to proceed, adds additional Petrobras for the provision of the Safe Notos late January 2022. During this period, it was
connected to wells and subsea equipment and
semi-submersible vessel for safety and mainte-
contract for Yellowtail nance support offshore Brazil. underwent final tests before starting production.
The contract linked to the award has a firm In the first wave, six producing wells and seven
TechnipFMC has been awarded an additional period commitment of four years and the injectors will be connected to the FPSO. The
contract and received notice to proceed by Exx- commencement is in Q3- or Q4-2022 follow- platform is expected to reach peak production
onMobil affiliate Esso Exploration and Produc- ing on from the expiry of her current mutually by the end of 2022.
tion Guyana for its Yellowtail development in the extended three-year contract that commenced Built and operated by Modec, the unit is
Stabroek Block offshore Guyana. in Q4-2016. The total value of the contract is located more than 150 km off the coast of the
The newly announced significant flexibles approximately $ 110mn. state of Rio de Janeiro in water depths that reach
contract covers six risers which are qualified for The Safe Notos is a technologically advanced 1,930 metres.
high pressure and high temperature. and efficient Dynamically Positioned (DP3) FPSO Guanabara has gas re-injection sys-
The Company has also been given full notice semi-submersible safety and maintenance sup- tems, where the gas production with 45% carbon
to proceed with the previously announced con- port vessel, capable of operating in harsh envi- dioxide (CO2) content, after self-consumption
tract for the subsea production system (SPS), ronments. The Safe Notos can accommodate in the FPSO, will be all re-injected into the reser-
following ExxonMobil’s final investment deci- up to 500 persons, has extensive recreation voir to maintain pressure and improve oil recov-
sion in April. The initial award of the large facilities and a large capacity open deck area and ery, in addition to reducing the release of CO2
contract was announced in November 2021. telescopic gangway. When operating the vessel, into the atmosphere. The gas re-injection will
TechnipFMC will provide project manage- Prosafe will have strong focus on reducing emis- be done alternately with water injection (Water
ment, engineering, manufacturing and testing sions through innovative energy performance Alternating Gas – WAG).
capabilities for the subsea production system, monitoring and associated fuel consumption Additionally, the Mero field is developing an
which includes 51 enhanced vertical deepwater reduction. unprecedented technology to separate, on the
trees (EVDT) and associated tooling, as well as Jesper Kragh Andresen, CEO of Prosafe, says: seabed, CO2-rich gas from oil for reinjection
12 manifolds and associated controls and tie-in “Brazil remains a primary operational region for from the seabed, reducing the amount of gas
equipment. Prosafe, and it is a testament to crew, vessel and reaching the FPSO, thus increasing the FPSO’s
The majority of the total contract awards will operational management that the Safe Notos availability to oil and the project’s efficiency.
be included in the Company’s second quarter will continue to demonstrate best in class per- The Mero 1 project is part of one of the most
inbound orders. formance into 2026.” robust CO2 capture, use and geological storage
Jonathan Landes, President, Subsea at Tech- Prosafe, May 4 2022 programs in the world, called CCUS. These ini-
nipFMC, commented: “We are thrilled that tiatives are aligned with Petrobras’ commitment
our partnership with the Stabroek Block oper- Petrobras commences to reduce carbon intensity in the Exploration &
ator continues to grow. We have an established Production area by 32% by 2025.
presence in Guyana to accommodate the level production from FPSO The unitised Mero field is operated by Petro-
of activity there, and we’re committed to further bras (38.6%), in partnership with Shell Brasil
developing local capabilities.” Guanabara at Mero field Petroléo Ltda (19.3%), TotalEnergies EP Brasil
TechnipFMC currently employs 70 Guyanese Ltda (19.3%), CNODC Brasil Petróleo e Gás
and expects to continue to hire and train addi- Petrobras informs that, on April 30, 2022, it Ltda (9.65%), CNOOC Petroleum Brasil Ltda
tional local staff in support of these awards. started producing oil and natural gas through (9.65%) and Pré-Sal Petróleo SA-PPSA (3.5%),
For TechnipFMC, a “significant” contract is FPSO Guanabara, the first definitive production as the Federal Union’s representative in the
between $75mn and $250mn. system installed in the Mero field, in the Santos non-contracted area.
For TechnipFMC, a “large” contract is Basin pre-salt. Petrobras, May 2 2022

Week 18 05•May•2022 www. NEWSBASE .com P15