Page 15 - LatAmOil Week 49 2022

LatAmOil NEWS IN BRIEF LatAmOil

Under the contract, Vallourec will deliver line- square km of both open acreage made available
pipe for ExxonMobil Guyana’s deep-water by ANP via the new Permanent Offer mecha-
Uaru project. The Uaru project is located in the nism (POR) and the exploration blocks recently
Stabroek Block, a 26,800 km2 strategic basin awarded in the 17th Concession bid round and
located off Guyana’s continental shelf, where 3rd Cycle of the POR.
several important discoveries have been made The Ramform Tethys will mobilise for the
since 2015. survey in January 2023, and acquisition is sched-
The Group will deliver 35,000 metric tons of uled to complete in August 2023.
line-pipe, including 2,000 metric tons of X80, “We are pleased to announce this joint ven-
an innovative and unique material developed ture with PGS, further strengthening our 3D
and qualified by Vallourec’s R&D teams. The data library and position in Brazil. The Santos
X80 combines high strength with resistance to Sul 3D project will be instrumental in providing
service conditions, making it a key enabler for invaluable data and actionable insights into new
future deeper-water developments. and emerging plays outside the Pre-Salt, allow-
Following the Yellowtail and Gas-to-Energy ing our clients to de-risk their exploration activ-
orders, signed under the same LTA, the Uaru ities in the region for active and future licensing
order further strengthens Vallourec’s strategic rounds,” says TGS CEO Kristian Johansen.
supplier relationship with ExxonMobil Guyana, “We experience continued exploration inter-
underpinned by a significant backlog of line- est offshore Brazil where the combination of the
pipe orders of approximately 90,000 metric tons Ramform designed vessels and GeoStreamer
(or 520 km of line pipe) booked since December technology is in strong demand. The Santos
2021. Sul Multi-client survey expands PGS and TGS been successful and safely completed and each
Vallourec will serve ExxonMobil Guyana 3D data coverage in Brazil and will provide of the three wells is now producing oil through
from its state-of-the-art Jeceaba (Minas Gerais) high-quality data essential for the explora- surface lines to a field-storage tank.
factory which combines large production capac- tion of these newly awarded blocks. The PGS/ Surface commissioning has now begun and,
ities and premium capabilities. TGS collaboration in this portion of the Santos given the length of time that these wells have
Philippe Guillemot, Chairman and Chief basin also provides coverage over a wider area been offline, infrastructure integrity is being
Executive Officer of Vallourec, commented: available through the permanent offer licensing fully confirmed. This is expected to take several
“This significant new contract represents the round,” says PGS’ President and CEO Rune Olav weeks, during which time the flow rate from
third under the 10-year frame agreement signed Pedersen. the wells will be at intentionally reduced levels
last year with ExxonMobil Guyana. Our new TGS, December 7 2022 to enable the surface infrastructure to be fully
grade X80 has been qualified by ExxonMobil tested under production conditions.
and will be field-proven with this order, demon- Echo Energy reports Following successful commissioning, each
strating Vallourec’s ability to deliver solutions well will then be independently assessed with a
to the industry that are both technology and successful reactivation mobile test unit, to confirm the yet to be deter-
efficiency enablers. This is a new milestone in mined flow-potential of this cluster.
Vallourec’s long history with ExxonMobil, and I of three wells at Chorillos The Company looks forward to continuing
would like to thank ExxonMobil once again for to update shareholders on further progress on
its confidence and our own teams for this great field in Argentina these operations and in respect of the Enhance-
work”. ment Plan.
The contract is subject to ExxonMobil Guy- Echo Energy, the Latin American-focused Santa Cruz Sur is a collection of 5 produc-
ana securing necessary approvals from the Gov- energy company, has provided an operational tion concessions located in the onshore Austral
ernment of Guyana for the project. update regarding progress in the reactivation of Basin, southern Argentina
Vallourec, November 30 2022 three wells in the Chorillos field, announced by Martin Hull, CEO of Echo Energy, com-
the Company on November 10, 2022. mented: “The three-well reactivation plan is
TGS and PGS expand is in addition to the Santa Cruz Sur produc- Santa Cruz Sur Assets. These wells were offline
This three-well reactivation programme an important operational development for our
multi-client coverage tion and infrastructure enhancement plan first at the time of and prior to Echo’s acquisition
announced by the Company on July 7, 2022, of an interest in Santa Cruz Sur in 2019 and
offshore Brazil and has been prioritised by the Santa Cruz Sur our ability to safely, and successfully, reactivate
partners in seeking to further increase liquids these wells back to production is a great exam-
TGS, a global provider of energy data and intelli- production from the Chorillos field. ple of the breadth of the low-risk opportunity
gence, has announced, in partnership with PGS, As previously announced, three candidate set that exists within our assets. This three-well
that it has secured pre-funding for the Santos wells (Cho-10, Cho-13, Cho-19) had been programme is in addition to the previously
Sul Multi-client 3D project in the southwest offline for four years due to surface constraints announced Santa Cruz Sur production and
Santos Basin offshore Brazil. The TGS/PGS col- and were identified for reactivation without use infrastructure enhancement plan and in light of
laboration combines the operational and tech- of the workover rig. Recently completed infra- the initial success, we look forward to executing
nical strengths of both companies to provide structure upgrades had removed prior con- similar opportunities, of which we believe there
high-quality multi-client data and timely deliv- straints, enabling these wells to be brought back to be many, in the future. We remain committed
ery, which are critical to the exploration efforts into production. to delivering on our strategy to grow production
in this area. The Company is pleased to announce that and look forward to reporting further progress.”
The survey will cover more than 15,000 operations to reactivate the three wells have now Echo Energy, December 6 2022

Week 49 07•December•2022 www. NEWSBASE .com P15