Tag: Santos basin

• Monday, May 12th 2025 - 10:04 UTC

  Petrobras strikes high-quality oil in Santos Basin Pre-Salt Aram block

  

  Petrobras has announced a new oil discovery in the pre-salt Santos Basin, identifying “high-quality oil without contaminants” at the 3-BRSA-1396D-SPS exploratory well in the Aram block, located 248 kilometers off the coast of Santos, at a water depth of 1,952 meters

• Thursday, August 3rd 2023 - 07:05 UTC

  Petrobras processing more oil in domestic refineries, as export volumes drop 22%

  

  Brazil's giant oil and gas corporation Petrobras this week presented its second-quarter report, which showed a drop in oil exports in a scenario of increased processing at domestic refineries.

• Thursday, December 12th 2019 - 15:01 UTC

  Petrobras awards long-term FPSO contract to Dutch operators SBM Offshore

  

  The Dutch company SBM Offshore has been awarded a much-coveted long-term FPSO contract by Petrobras, it was announced Wednesday.

• Wednesday, October 16th 2019 - 07:27 UTC

  Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

  

  Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.

• Friday, September 28th 2018 - 08:47 UTC

  Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

  

  Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.

• Friday, August 31st 2018 - 08:22 UTC

  BP, Shell, Total to bid in Brazil's pre-salt auction

  

  Brazil’s oil regulator ANP has approved the applications of six companies—including Big Oil’s BP, Shell, and Total—to bid in next month’s oil auction of four blocks in the coveted pre-salt layer, ANP announced on Wednesday.

• Tuesday, November 28th 2017 - 09:21 UTC

  Total begins oil production in the giant Libra field in Brazil's pre-salt zone

  

  The giant Libra field in Brazil’s pre-salt zone has started producing oil, French Total said on Monday without providing details about the production rate at the field.

• Friday, October 16th 2015 - 07:35 UTC

  Petrobras strikes further discovery at giant pre-salt Libra field in Santos basin

  

  Petrobras announced a further hydrocarbon discovery at the giant pre-salt Libra field in the Santos basin, offshore Brazil. The company said that well 3-BRSA-1310-RJS, in the central portion of the block, identified the presence of hydrocarbons in a low-porosity reservoir. This is the fourth well drilled in the Libra area since exploratory drilling began last August.

• Friday, September 4th 2015 - 09:00 UTC

  First oil production off Rio de Janeiro with FPSO 'Cidade de Itaguai', five months ahead of schedule

  

  MODEC Inc. announced on Thursday that its FPSO 'Cidade de Itaguai MV26', operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract.

• Wednesday, August 5th 2015 - 10:27 UTC

  BG announces first oil with FPSO vessel, 240kms off Rio de Janeiro coast

  

  BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the group's discoveries in the Santos Basin, offshore Brazil. The FPSO will produce from the Iracema North area of the Lula field in the Petrobras-operated BM-S-11 block.