Page 15 - LatAmOil Week 45 2022

LatAmOil NEWS IN BRIEF LatAmOil

To optimise operations, well 13H was drilled The Company will release its Q3 2022 financial Bahia Terra.
ahead of well 12H to save time and cost related and operating results on November 17, 2022. Petrobras, November 3 2022
to skidding the rig to the corresponding cellar; Manuel Pablo Zuniga-Pflucker, President
The well was drilled to a total measured depth and Chief Executive Officer of PetroTal, com-
of 4,864 metres, including a 1,152-metre lateral mented: “We are pleased to announce the suc- PROJECTS & COMPANIES
section, making it the longest-reach horizontal cessful and productive 13H oil well, our longest
well the Company has drilled; horizontal well to date. We look forward to SBM Offshore signs MoU
The total cost of the well was $14.4mn, within seeing the 12H well deliver similar results. We
budget and completed on time without any will continue to operate and develop our assets with ExxonMobil Guyana
operational issues; with prudent and safe operational practices that
Well 13H was successfully completed on deliver best in class productivity for employees SBM Offshore is pleased to announce the sign-
October 13, 2022; however, it could not be and shareholders.” ing of a Memorandum of Understanding (MoU)
fully tested until October 27, 2022 when inter- PetroTal, November 3 2022 with ExxonMobil Guyana for construction of a
nal storage capacity became available. Barging multi-purpose floater hull for use on a future
logistics continue to improve with the Company floating production storage and off-loading
now expecting to raise production levels by POLICY (FPSO) project.
mid-November; ExxonMobil and SBM Offshore have a long
Current field production capacity is over Petrobras comments on history of working together, with multiple FPSO
20,000 bpd of oil; and, projects underway.
Well 13H encountered the target producing reversal of injunction on SBM Offshore, November 9 2022
formation approximately 3 metres higher than
prognosis and approximately 5 metres higher at Polo Bahia Terra Diamond Offshore confirms
the end of the horizontal section, which could
have a positive impact on the oil-in-place esti- Petrobras, in continuation of the statement award of new drilling
mates and reserves. released on June 10, 2022, informs that a deci-
Well 12H: PetroTal continues its active drill- sion was rendered by the Court of appeal of the programme with Petrobras
ing programme to further increase its low cost, State of Rio de Janeiro overturning the previous
high margin production at Bretana. On October ruling that granted an injunction that freezed the for the Ocean Courage
16, 2022, the Company commenced drilling contractual negotiations with the consortium of
well 12H with an approximate cost of $14.0mn companies Petroreconcavo and Eneva concern- Announcing its third-quarter 2022 results, Dia-
and an estimated completion in mid-December ing to the sale process of the onshore produc- mond Offshore confirms it has received notifica-
2022. tion fields located in the Reconcavo and Tucano tion of award of a new drilling programme with
Q3 2022 Financial and Operating Results: Basins, in the state of Bahia, jointly called Polo Petrobras in Brazil for the Ocean Courage.

Week 44 09•November•2022 www. NEWSBASE .com P15