WSB Advisors is pleased to announce the appointment of Genesio Ramos as our New Building Lead. With an extensive background and recognized expertise in the shipbroking industry, Genesio will collaborate closely with Paulo de Tarso Rolim de Freitas and Ronaldo Lima to drive excellence in our shipbuilding and repair segments.
Genesio has already made significant contributions to WSB Advisors through various chartering opportunities, and his expanded role comes at a time as the Brazilian market enters a new phase of shipbuilding and new building charter activity.
Exciting times at WSB Advisors as we continue to grow and innovate.
Author: Rafael Bortoloti
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WSB Advisors – Staff Announcement
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WSB Advisors – Staff Announcement
WSB Advisors is pleased to announce that Daniel Buckley has assumed the role of Chartering Manager at WSB Advisors, increasing the seniority of our team. Daniel brings loads of experience to this position, having previously served as our Tankers and Projects Lead.
A seasoned professional in the shipping industry, Daniel’s career includes significant roles at Stolt-Nielsen Limited, Pannonia Ethanol kft, and Pole Shipping, with a decade of valuable experience working in Geneva, Switzerland. Since joining WSB Advisors in 2016, Daniel has continuously demonstrated his expertise and commitment, contributing significantly to our success. -
WSB Advisors – Staff Announcement
WSB Advisors is glad to welcome Pedro Pellegrini as Intern, Market Intelligence in our Commercial team.
Pedro joins us from CODERTE, from Rio de Janeiro, as Intern in the design and development of Guanabara Bay passenger transport projects.
Our new member is to conclude his Naval Architecture and Marine Engineering at the prestigious Federal University of Rio de Janeiro.
comercial@cms.oneenergynews.com
www.cms.oneenergynews.com -
New FPSO in Brazilian waters
The FPSO Maria Quitéria arrived in Brazil last week, ready to boost production at the Jubarte Field in the Parque das Baleias, Campos Basin, by 100,000 boed. Chartered by Petrobras, the vessel has the capacity to process up to 5 million cubic meters of gas per day and inject around 330,000 bpd of water, connected to eight production wells and eight injectors.
Built by Yinson, the FPSO left China in May of this year. The Maria Quitéria is scheduled to start operations by the end of this year, moving up the initial timeline which set its operational start for 2025.
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WSB.One: all information on your screen
Unlock the Power of Information with WSB Advisors!
Ever wondered where to find the most comprehensive database in the offshore sector?
Introducing WSB.One – your ultimate resource for integrated and cross-referenced data on vessels, contract durations, technical specifications, and much more.
Experience the convenience of having all this critical information just a few clicks away, right at your fingertips.
Curious to learn more? Reach out to us at commercial@cms.oneenergynews.com -
Petrobras confirms gas in Colombia
By Rafael Bortoloti
Petrobras has confirmed the presence of gas at the Uchuva-2 well, an extension of the Uchuva-1 discovered two years ago. Located in the Tayrona Block in the Guajira Basin in Colombia, Uchuva-2 is situated 31 km off the coast at a depth of 804 meters.
Petrobras is the operator of the block with a 44.44% stake, in partnership with Ecopetrol, which holds 55.56%. Although WSB typically focuses on news from Brazil, this discovery in Colombia highlights Petrobras’s growing international presence in South America. The company has been expanding its portfolio and establishing new offices abroad, potentially creating opportunities for Brazilian drilling companies.
Another important aspect is the specific challenges of exploration in Colombia. Our Geologist Anidio Correa, Leader of Environmental Projects at R&D at WSB Advisors, explains that the origin of the basins and sediments in the region is distinct, which may require the use of different types of vessels.
“It changes everything. Exploration in Colombia will bring new challenges for Petrobras, as these wells are different from those found in Brazil. This region of the Caribbean has a unique environment, heavily influenced by volcanism. The origin of the basins and sediments is completely different, as is the composition of the rocks and the thickness of the layers. This may require, for example, the use of a drillship different from the ones commonly used in Brazil,” says Corrêa. -
Exciting news at WSB Advisors
We are thrilled to announce that Raphael Montes, who has been with WSB Advisors since 2017, has become a partner in WSB Advisors S.A. with Class A shares. Besides his role as Proposals Manager, Raphael has now been empowered as Director of WSB Advisors, holding rights over the commercial commitments of our group.
This significant milestone displays our commitment to recognizing and rewarding the dedication and talent within our team. Raphael’s journey with us has been marked by exemplary performance, leadership, and a deep understanding of our vision and values.
WSB Advisors, a fully owned subsidiary of Westhon, operates under the strategic leadership of our Managing Partner, Alexandre Mattar Vilela. Our mission remains steadfast—to deliver unparalleled service and value in the shipbroking, market intelligence, and engineering sectors.
Join us in congratulating Raphael on this well-deserved achievement! Stay tuned for more updates as we continue to grow and excel.
“I am personally very proud to share this announcement with our community, positive that Raphael Montes will continue to be a listener, and further a motivator and a judge of my own efforts as CEO of our organization”, says Alexandre Mattar Vilela. -
Petrobras PSV Tender Results Announced
Initially intended to hire 2 vessels, the tender’s demand fluctuated into 10 ships than back to 2, eventually offering 4 units at closure, with notable high-side outliers.
Highlights:(Bram Offshore): Two competitive bids with Brazilian-flagged, Norway-built (Simek A/S) vessels, aligning with current market averages.
Wilson Sons and Posidonia Shipping: Off-the-charts bids, indicating future market directions.
The Chouest units are currently engaged with Petrobras in the Equatorial Margin under foreign flag contracts until Q4 this year. (For detailed insights, courtesy of WSB One, please contact us.)
Key Insight:Chouest will release BRAM tonnage when the Sapura Navegação Marítima vessels conclude their current term. As previously reported by WSB Advisors, these PLSVs will be demobilized for the new contract set to commence in Q1 2025.
Stay tuned for more updates and industry insights by following our page. -
AHTS tender: an update
Petrobras closed the AHTS tender, with plans to hire up to 7 AHTSs and one OTSV. The amplitude on rates is worth noting.
TS: Asgaard with AHTSs offered at USD 31k, for comparison below the last OSRV average rates.Asso Marítima Navegação Ltda (Augusta Offshore S.p.A.) just below USD 40k, with Solstad Offshore ASA and GRUPO CBO – Companhia Brasileira de Offshore in the mid-40s set the marketplace trend for now. CBO offered their largest AHTSs, out-priced for this category.
TO/OTSV: CBO and OceanPact Serviços Marítimos rates are not far apart for similar-sized AHTSs, mid to high USD 60’s. However, compared to the TS rates, they are nearly double and not far from the OTSV rate at USD 78k for a much more complex unit.
Results expertly compiled by the WSB Advisors team, bringing you the latest updates on this significant development.
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Updates on PSV newbuild tender
By Raphael Montes
Petrobras has disclosed some significant changes to the ongoing public tender set to charter up to 12 newbuild PSVs. The opportunity was also postponed once again, now with a deadline until September 13th 2024. Amongst the changes to the tender, Petrobras opted to increase the maximum amount of awards per bidder from 4 to 6 vessels, which added 2 more batches for 8-year firm contract duration and 2 for 10-year firm contract duration.
Additionally, Petrobras created 6 entirely new batches for 12-year firm contract duration, with the same specifications and mobilization strategy as the original batches.
Considering the increase in awards per bidder and inclusion of batches for 12-year contracts, the opportunity now counts with 18 batches available for bidders to offer, rather than the original 8. If you wish to get more details about this opportunity and other offshore-related news, reach us out at comercial@cms.oneenergynews.com.
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Production news: an update
The ANP (National Agency of Petroleum) has released the Monthly Report on Oil and Natural Gas Production for June 2024. During this period, the total production (oil + natural gas) reached 4.353 million barrels of oil equivalent per day (boed).
Of this total, 3.409 million boed were extracted, reflecting a 2.7% increase compared to the previous month and a 1.3% rise compared to the same month in 2023.
Natural gas production in June was 150.07 million cubic meters per day (m³/d). This figure indicates a 3.1% increase from May 2024, but a decline of 1.4% compared to June 2023.
Highlights:
-Rio de Janeiro was the top producer of oil and natural gas in June, accounting for 87% and 76% of the total production, respectively.
-The Santos Basin led in oil and gas production, contributing 77% and 79%, respectively.
-The Tupi field, located in the pre-salt layer of the Santos Basin, was the largest producer of oil and gas, yielding 787.08 thousand boed and 39.70 million m³ per day.
-The FPSO Guanabara topped the charts in oil and gas production, with outputs of 178,381 boed and 11.64 million m³ per day.
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Offshore news: Enauta
Enauta closes the week with good news. Last Tuesday (30th), the company announced that it has completed all the connections of the subsea system and lines with the FPSO Atlanta, bringing it closer to the start of operations at the Atlanta Field in the Santos Basin.
For the start of production on the new platform, adaptation activities mandated by regulatory agencies, final testing, and commissioning are underway. The issuance of the environmental operating license and authorization from ANP – National Agency of Petroleum – are still pending. The company’s initial expectation is that the first oil will be extracted in August, with an estimated production of 50,000 boed.
Speaking of the Atlanta Field, Enauta announced last Monday (29th) that it resumed production at the site after 45 days of maintenance on the FPSO Petrojarl I. Production is stabilized at around 20,000 boed.