Page 15 - LatAmOil Week 42 2021

LatAmOil NEWS IN BRIEF LatAmOil

The new seismic data from the consortium’s
multi-client programmes will be instrumen-
tal in accurately delineating the prospectivity
and potential of this underexplored area and is
on trend with the recent material discoveries
announced on the prolific Block 58.
Plans are in place to start acquiring the new
3D seismic data in the shallow offshore area
from Q4-2021, with first products being made
available during H1-2022.
Kristian Johansen, CEO at TGS, commented:
“We are pleased to announce entry to Suriname
to continue successful evaluation of the region’s
potential. With this exciting multi-client agree-
ment, the consortium will play a key part in
encouraging and enhancing future exploration
in Suriname, ultimately helping our customers our track record of delivering successful PLSV than $1.5bn, and Petrobras Executive Board
de-risk their investment opportunities.” activities in Brazil, achieving high standards of approved the beginning of the negotiation phase.
Sophie Zurquiyah, CEO at CGG, said: safety and a strong operational performance.” The company clarifies that the signing of the
“CGG brings its multi-client expertise and Subsea 7, October 19 2021 transaction will depend on the outcome of the
high-end imaging technology to this major negotiations, as well as the necessary corporate
new programme that marks our return to the Valaris announces floater approvals. Petrobras reinforces its commitment
Guyana-Suriname basin after our successful to the broad transparency of its divestment pro-
campaign in the Stabroek block. The resulting contract award jects and portfolio management and informs
exceptional data will bring new insight and that the subsequent stages of the project will be
potentially extend the trend of recent significant Valaris announced today that it has been disclosed in a timely manner.
discoveries to the shallow waters of Suriname.” awarded a contract with Petrobras offshore Bra- Petrobras, October 14 2021
Luo Junchao, President of BGP Offshore, zil for drillship VALARIS DS-4. The contract
commented: “We are excited to be part of this is for a minimum term of 548 days. The rig is Petrobras concludes
innovative and pioneering consortium with TGS currently preservation stacked in the UK and
and CGG providing the industry with a world will transit to the Canary Islands, where it will sale of onshore field
class “drill ready” dataset. BGP Offshore will be reactivated and then mobilised to Brazil. The
deploy its state-of-the-art 3D vessel BGP Pros- contract is anticipated to commence by early in Sergipe state
pector on phase 1 of this project.” Q2-2022.
TGS, October 20 2021 Valaris is the industry leader in offshore Petrobras, following up on the release disclosed
drilling services across all water depths and on October 5, 2021, informs that it concluded
Subsea 7 awarded new geographies. Operating a high-quality rig fleet on 10/08/2021 the sale of its 50% stake in the
of ultra-deepwater drillships, versatile semi-sub-
onshore field of Rabo Branco, located in the Ser-
contracts in Brazil mersibles and modern shallow-water jackups, gipe-Alagoas Basin, in the State of Sergipe, to the
Valaris has experience operating in nearly every company Petrom Produção de Petróleo & Gás
Subsea 7 has announced a very large (combined major offshore basin. Ltda (Petrom).
value between $500mn and $750mn) award by Valaris, October 19 2021 The sale to Petrom resulted from the exercise
Petrobras for new long-term day-rate contracts of the company’s right of first refusal provided
for the pipelay support vessels (PLSV) Seven for in the contract. After compliance with all
Waves, Seven Rio and Seven Sun. The contracts INVESTMENT the precedent conditions, the transaction was
will be recorded in backlog in the fourth quarter. concluded for the sale price of $1.5mn, which
Each contract comprises a firm three-year Petrobras provides had already been fully deposited in a guarantee
period and a subsequent one-year option. account in favor of Petrobras on the date the pur-
Seven Waves will commence the new contract update on sale of chase and sale agreement was signed, on July 5,
in Q1-2022. Seven Rio will commence the new 2021.
contract in Q2-2022. Seven Sun will commence Bahia Terra Cluster This disclosure is in accordance with Petro-
the new contract in Q3-2022. Before commenc- bras’ internal rules and with the provisions of
ing the new contracts, each vessel will undergo Petrobras, regarding news in the media about the special procedure for assignment of rights
minor modifications requiring a short shipyard the sale of onshore production fields, located in on exploration, development and production
stay and modest capital expenditure. the Reconcavo and Tucano Basins, in the state of oil, natural gas and other fluid hydrocarbons,
The remaining period of Seven Waves’ and of Bahia, jointly called the Bahia Terra Cluster, provided for in Decree 9,355/2018.
Seven Rio’s current contracts with Petrobras clarifies that it has received binding offers from This transaction is aligned with the com-
will be transferred to Seven Seas which will be potential interested parties in the acquisition of pany’s strategy of portfolio optimization and
deployed to Brazil in 2022. the assets. capital allocation improvement, increasingly
Daniel Hiller, Vice-President Brazil, said: The consortium formed by Aguila Energia concentrating its resources in world-class assets
“We value our long-standing relationship with e Participacoes and by Infra Construtora e Ser- in deep and ultra-deep waters, where Petrobras
Petrobras and these new contracts reflect well on vicos submitted the best proposal, worth more has shown great competitive edge over the years.

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