Petrobras has announced that the FPSO Maria Quitéria produced its first oil on last Tuesday (15), in Jubarte Field, Campos Basin. The vessel has the capacity to produce up to 100.000 boed of crude and can process up to 5 million cubic meters of gas.
Built by Yinson, the FPSO departed from China in May and arrived in Brazil in August, with its first oil production occurring earlier than originally planned, which was expected for 2025.
Offshore operations often come with unexpected challenges, sometimes leading to complications that ripple across entire projects. Let me share a recent example:
A tender required a vessel for a 2-year contract, but the winning vessel, foreign-flagged, obtained a 1-year CAA under the anticipated circularization process. After six months, a new circularization blocked the foreign vessel for the second year of the contract. Although the blocking vessels were available, their limitations in Fire Fighting capabilities and crew specialization caused significant disruptions to the project, including IBAMA licensing delays and an interruption to the drilling operation.
This situation raises critical concerns:
1. Contracts planned for longer periods can face roadblocks, causing both operational and cost uncertainties.
2. While Brazilian-flagged vessels are given preference, the reality is that not all are equipped to meet the needs of the project without compromises.
The Challenge: It’s essential to uphold national interests and the law, but how do we balance this with the practical demands of offshore operations?
The Question: Could a longer CAA period help bring clarity and stability from the outset? Or should vessel characteristics considered “deal breakers” be reevaluated to avoid such situations in the future? What role should ANTAQ play in seeking expert, independent input during critical circularization decisions?
What do you think? How can we improve planning and reduce uncertainty?
The state-of-the-art drillship Atlantic Zonda has departed Singapore en route to Brazil. This 7th-generation, dual-drilling rig, built on Samsung 96K design, is capable of drilling in water depths of up to 12,000 feet.
Once in Brazilian waters, Petrobras will engage the Zonda for a 36-month contract, marking a key step in its $102 billion exploration strategy for 2024-2028, which includes drilling 50 new wells and deploying additional FPSOs.
Local operations will be managed by Ventura Offshore, a Brazilian deepwater drilling leader with over 25 years of experience. Ventura recently celebrated a significant milestone by becoming a publicly traded company on the Euronext Growth stock exchange. With a proven track record of managing high-performance rigs like the Zonda and their own drillships like DS Carolina, Ventura is reinforcing its position as a key player in Brazil’s offshore development.
Stay tuned for more updates on this exciting project and Ventura Offshore’s continued growth!
Last thursday (10), the rooftop of WSB Advisors set the stage for a truly memorable evening. Despite a cloudy day and our constant hope for no rain, we were once again blessed with clear skies as the night unfolded, creating the perfect atmosphere for our team, dear friends, and some panelists from our recent WSB Seminar to come together.
It was a fantastic opportunity to unwind and enjoy unpretentious conversations. The presence of leaders from Bravante, Solstad, Bram / Chouest, Marinsa, WTN Lak, Café na Trilha, Corintos, BP Energy, Efen, Norsul, Raízen, Intcom, Pinheiro Almeida, Eletronuclear, Delp, UMI SAN, ECB, and others made the evening even more special.
A heartfelt thanks to everyone who joined us and helped create this unforgettable experience. Together, we continue to build a strong business community.
On this International Mental Health Day (October 10th), we are proud to share the inspiring story of our CMO, Fernando Vilela, an accomplished athlete who opened up about how cycling transformed his life and helped him overcome burnout—a condition affecting thousands of Brazilians. His journey, filled with challenges and perseverance, continues to inspire many, both within and outside our company.
Fernando’s experience highlights the importance of finding balance and prioritizing mental well-being. We are honored to have a leader who champions mental health and encourages others to seek their path to recovery and resilience.
– Over the next 10 years, 75% of the PSV vessel fleet in Brazil will lose its “validity,” considering the current standard 20-year operational lifespan limit set by the major charterers – reports Pedro Pellegrini, Shipbroker Intern at WSB Advisors and manager of WSB. One, the most comprehensive database in the market.
Explore detailed data on contracts, daily rates (historical and current), contract durations, and charterers, empowering your decisions with unmatched precision and depth.
WSB. One: all the information at your fingertips – Datamatters
Contact us at comercial@cms.oneenergynews.com
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WSB Advisors is pleased to provide an update on the current long-term tenders that are open to offer.
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However, if you are looking for in-depth information on contracts, historical and current daily rates, contract durations, and charterers — empowering your decisions with unmatched accuracy and depth — Get in touch with our comercial department to have access to WSB. One.
Petrobras has issued a tender for the charter of up to 8 Brazilian flagged newbuild RSVs
Key highlights
1) Maximum vessel awards per Tenderer is 4.
2) The extended mob days for the 3rd and 4th vessels will apply only if all are built in the same yard. 3) Current Deadline: October 29th, 17:00LT Rio de Janeiro, Brazil.
Main vessel technical details
Engines running on diesel and ready to run on diesel-ethanol mix with up to 80% ethanol.
1x Bow Tunnel Thruster 1500kW
2x Bow Retractable Azimuth 1200kW
2x Azimuth Main Propellers 2800kW
DP-2 Class Notation
2x WROV | WD 0-3000m | 24h/7
Knuckle boom crane meeting SoW requirements
To read all details, contact us at comercial@cms.oneenergynews.com
Brazil’s oil and gas sector is, according to EPE, expected to attract $182 billion in investments by 2030, with production reaching 5.4 million barrels per day, positioning the country as the 5th largest producer globally. As stated by FIRJAN, the Federation of Industries of Rio de Janeiro, this increase will prompt 115,000 jobs in Rio de Janeiro alone, driven by the rising demand and 13 new FPSOs by 2028.
At our recent WSB Seminar, FIRJAN’s Thiago Valejo emphasized the critical role of human capital in supporting this expansion. He also highlighted FIRJAN’s collaboration with Senai and others to expand training programs, ensuring the industry has the skilled workforce needed for the future. At WSB, we strongly advocate for transforming how the industry approaches talent and fully support FIRJAN’s initiatives.
Count on WSB Advisors to guide your business through this exciting new phase!
The Brazilian marine fuels market is booming! Over the past few years, Bunker One has grown, with new operations and equipment. Meanwhile, Monjasa and local heavyweights Ipiranga, Raízen with a recently deployed new dedicated barge and Vibra (formerly BR Distribuidora) have jumped into the action, showing just how critical this market has become.
With Efen (formerly NFX) leading the way as the first company to deploy dedicated PSVs for Marine Gasoil (MGO) clients directly offshore; and with the growing demand for VLSFO (Very Low Sulphur Fuel Oil) and MGO, all major players are expanding their operations and seeking additional tonnage.
Want to know more? Stay tuned!
The ANP (National Agency of Petroleum) has released the Monthly Report on Oil and Natural Gas Production for August 2024. During this period, the total production (oil + natural gas) reached 4.345 million barrels of oil equivalent per day (boed).
Of this total, 3,340 million boed were extracted, reflecting a 3.4% increase compared to the previous month and a 3.5% rise compared to the same month in 2023.
Natural gas production in August was 159,7 million cubic meters per day (m³/d). This figure indicates a 2.7% increase from July, but a decline and 8% compared to August 2023.
Petrobras PSV New Building Bid Results are Out!
As antecipated, Bram Offshore (Edison Chouest Offshore) and Starnav Serviços Marítimos have delivered the most competitive offers. Notably, Posidonia Shipping was about 10% higher than Bram, but worth highlighting that Posidonia’s bid was the lowest among those not utilizing their own shipyard—well done!
The table below orders the bids from lowest to highest, but remember, Petrobras evaluates based on the total disbursement across all lots for the desired number of vessels.
While negotiations are still pending, the logic suggests we may see 6 vessels from Bram and another 6 from Starnav.
For more information, please contact us at comercial@cms.oneenergynews.com
