Page 16 - LatAmOil Week 14 2022

LatAmOil NEWS IN BRIEF LatAmOil

The TCP also aims to regulate the effects for and to characterise the quality of the fluids and
Petrobras and Novonor/Odebrecht arising from reservoirs found.
the Leniency Agreement concluded, in 2018, by The outcome is the result of a successful strat-
companies of the Novonor/Odebrecht Group egy of the consortium based on maximum use of
with the Office of the Comptroller General and data, and on the application of new technological
the Federal Attorney General’s Office. solutions in Big Data and Artificial Intelligence,
Petrobras will proceed with administrative leveraged by the use of supercomputers and HPC
improbity actions against companies of the (High Performance Computing) resources, ena-
Novonor/Odebrecht Group, seeking full com- bling the processing of the acquired data in real
pensation for the losses identified on account of time and allowing decision making in an agile
the illicit acts revealed by Operation Car Wash, and safe way.
but, in prestige of the Leniency Agreements, The Alto de Cabo Frio Central block was
while they are in effect, it will not seek sanc- acquired in October 2017, in the 3rd bidding
tions or precautionary measures, among others, round of the National Agency for Petroleum,
against these companies. Natural Gas and Biofuels (ANP), under the Pro-
The TCP also provides that its execution duction Sharing regime, with Pré-Sal Petróleo
does not exempt the companies of the Novonor/ SA (PPSA) as manager.
Odebrecht Group from submitting themselves Petrobras is the operator of the block and
to the evaluation process of the requirements to holds a 50% stake, in partnership with bp Energy
be included in the suppliers’ registry or to par- a 25% interest. do Brasil Ltda. (50%).
ticipate in Petrobras’ competitive contracting The FPSO One Guyana’s design is based on Petrobras, April 1 2022
procedures, including integrity, according to the SBM Offshore’s industry leading Fast4Ward®
applicable rules, in a timely manner, in respect programme that incorporates the Company’s PGS releases first data
for the postulates of isonomy and impersonality. new build, multi-purpose floater hull combined
In parallel, the Company has recommended with several standardised topsides modules. for Uruguay MC2D
that its affiliate Petrobras Netherlands BV The FPSO will be designed to produce 250,000
(PNBV) also enter into an agreement with the barrels per day (bpd) of oil, will have associated Time products are available for an 11,000-km
shipyard Enseada Indústria Naval SA, a com- gas treatment capacity of 450mn cubic feet per reprocessed seismic volume that covers the great
pany of the Novonor/Odebrecht Group, to day and water injection capacity of 300,000 bpd. extension of Uruguay’s shallow and deepwater
resolve litigation between the said companies. The FPSO will be spread moored in water depth provinces from the Pelotas Basin to the Punta del
Petrobras, April 31 2022 of about 1,800 metres and will be able to store Este Basin, with ties to PGS’ 15,600 square km
around 2mn barrels of crude oil. 3D GeoStreamer dataset, enabling analog assess-
SBM Offshore is committed to work with ment of the recent equatorial margin Namibia
PROJECTS & COMPANIES Guyanese companies for work to be performed discoveries.
in Guyana and is preparing to further recruit and This 2D project is the result of an agreement
SBM Offshore awarded employ Guyanese engineers into the One Guy- between PGS and Uruguay’s state oil company
ANCAP to reprocess 2D of different vintages,
ana project team.
contracts for ExxonMobil by a special purpose company (SPC) established will provide seismic quality and coverage to per-
The turnkey phase of the project is executed applying the latest imaging techniques. The data
FPSO One Guyana by SBM Offshore and McDermott. SBM Off- form regional and reservoir evaluation studies
shore holds 70% and McDermott holds 30% and unlock prospective opportunities from Pale-
SBM Offshore has announced that Esso Explo- equity ownership in this SPC. The FPSO will be ozoic, Jurassic, Cretaceous, and Tertiary.
ration and Production Guyana Ltd (EEPGL), an fully owned by SBM Offshore. Data quality improvements can be seen in
affiliate of ExxonMobil, has confirmed the award SBM Offshore, April 5 2022 the shallow parts and also on the deeper targets
of contracts for the Yellowtail development and events, revealing mini-basins that were not
project located in the Stabroek Block, offshore Petrobras reports new oil previously visible. These permit a better under-
Guyana. Under these contracts, SBM Offshore standing of the petroleum system, including the
will construct, install and then lease and operate discovery in pre-salt zone identification and distribution of source rocks,
the One Guyana FPSO for a period of up to two reservoirs, and seal/trap systems.
years, after which the FPSO ownership and oper- Petrobras informs that discovered a new oil Conjugate Margin Analogies: Improved seis-
ation will transfer to EEPGL. The award follows accumulation in the pre-salt in the southern mic data is important to support a reassessment
completion of front-end engineering and design portion of the Campos Basin, in a wildcat well of deepwater potential in the Cretaceous and
studies, receipt of requisite government approv- in the Alto de Cabo Frio Central block. The well Tertiary, as highlighted by the recent discoveries
als and the final investment decision on the pro- 1-BRSA-1383A-RJS (Alto de Cabo Frio Central of Graff and Venus in Namibia’s Orange Basin,
ject by ExxonMobil and block co-venturers. Noroeste) is located 230 km from the city of Rio which is a conjugate margin of Uruguay. The
The Yellowtail development is the fourth de Janeiro-RJ, in a water depth of 1,833 metres. rejuvenated Uruguay MC2D enables analog
development within the Stabroek block, circa The oil-bearing interval was verified by assessment of the recent Namibia discoveries.
200 kms offshore Guyana. EEPGL is the oper- means of loggings and oil samples, which will There is an abundance of offshore exploration
ator and holds a 45% interest in the Stabroek later be characterised by laboratory analyses. opportunities, supported by oil seeps, gas chim-
block, Hess Guyana Exploration holds a 30% The consortium will continue drilling the well neys, and BSRs, indicating a working petroleum
interest and CNOOC Petroleum Guyana, a to the final depth originally planned, in order to system. Most of these plays have yet to be tested.
wholly-owned subsidiary of CNOOC Ltd, holds assess the dimensions of the new accumulation, PGS, April 4 2022

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