The city of Santos, on the coast of São Paulo state (and which gives its name to the Santos Basin), hosts SP Offshore this week. The event will discuss topics such as security, logistical challenges, innovation, technology and sustainability.
SP Offshore is a great opportunity for professionals in the field to meet friends in addition to making new ones, strengthening ties and expanding knowledge. This is the first edition of the event, which promises to be on the national calendar for many years to come.
Companies such as Petrobras, MODEC, Bram Offshore, PRIO, Wilson Sons, and SBM Offshore will be present at the two-day event. The agenda has ten panels, as well as coffee breaks and pitches with start-ups.
Author: Rafael Bortoloti
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Santos hosts SP offshore
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PRIO’S oil production
PRIO released its production report for the month of May 2024. During this month, the production was recorded as 88.7 thousand barrels of oil equivalent per day (boepd).
Impacted by operational issues, the performance had a reduction of 4.4% compared to the previous month which produced 92.8 thousand barrels per day.
The drop was a consequence of the shutdown of the ODP3 well in Campo de Frade and the failure of the submerged centrifugal pump (BCS) at the TBMT-8H pole, in the Polvo and Tubarão Martelo cluster. Both are waiting for IBAMA’s approval to begin the workover and return to operational level.
Production at Albacora Leste fell 1.6% in the same period, totaling 27.5 thousand boepd. -
Petrobras promotes live about descomissioning
Petrobras conducted a live broadcast to update potential suppliers about its decommissioning plans. The company emphasized its commitment to managing operations according to ESG (Environmental, Social, and Corporate Governance) standards, with a special focus on its new “green decommissioning” policy.
Between 2024 and 2028, Petrobras plans to invest USD 11 billion to decommission 23 platforms, 1900 km of flexible lines, and 550 wells. Beyond 2029, the company expects to decommission at least 40 additional platforms.
Petrobras also revealed that the tender for decommissioning P-26 and P-37 will be launched in 2024, followed by P-35 in 2025. Furthermore, by 2028, the company intends to issue at least nine EPRD contracts, including tenders for related services like pipe cutting and plugging.
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Petrobras starts drillings
Petrobras began drilling well 4-BRSA-1392D-ESS in the Jubarte field, at a water depth of 968 meters. The site is part of the Parque das Baleias, offshore south of Espírito Santo, in the Campos Basin and is one of the main oil producers in Brazil.
The Brazilian oil company conducts the activity with the Brava Star drillship, from Constellation. The vessel is the most modern unit in the Constellation fleet. It was designed to operate in water depths of up to 12,000 feet (approximately 3,658 meters) and has a drilling capacity of up to 40,000 feet (approximately 12,192 meters).
“About a month ago, the FPSO Maria Quitéria left China heading to Brazil. It will operate in the Jubarte Field, with an estimated production of 100 thousand barrels of oil per day from 2025. The national offshore market and even International are eager to see how the vessel will operate, which promises to innovate in reducing the emission of polluting gases”, recalls Omar Darian, Chartering Manager at WSB.
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Enauta’s oil production
Enauta released the summary of its operating results for May 2024. The Brazilian oil company produced 504 thousand barrels of oil equivalent (boe) in the previous month, with an average of 16.3 thousand barrels per day.
The numbers represent a drop compared to the previous month when the company produced 600,000 boe, with an average of 20,000 barrels per day. This drop is due to a five-day break for maintenance of the FPSO Petrojarl which works in the Atlanta field, in the Santos Basin. Natural gas production for May was not disclosed by Enauta.
All this data refers to the Atlanta field, the company’s main asset. It also owns 45% of the Manati field, which is stopped for system adjustments, with the return of production scheduled for the end of June.
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DOF announces PLSV contract with Petrobras for Skandi Vitoria
Exciting News! DOF has secured a major contract with Petrobras for the pipelay support vessel (PLSV) Skandi Vitória. This 3-year firm plus option contract starts in 2025. Proudly Brazilian-built and flagged, Skandi Vitória is owned by DOFCON, a 50/50 joint venture between DOF Subsea and TechnipFMC.
“Reflecting on the visionary leadership of Helge Mogster and Mons Aase, who epitomized the true shipowner spirit. With a clear vision for the future of ultra-deepwater oil exploration, they leveraged Brazil’s unique Fund for Merchant Marine, enabling accessible, long-term financing at attractive rates. Their informed decision-making and calculated risks to build locally have proven successful over time. Congratulations to the entire DOF family on this enduring success”, said Paulo de Tarso Rolim de Freitas, Westhon’s Chairman of the Board, fondly recalls his engagement with Helge Mogster and Mons Aase during his time at Aker Promar, where they conducted highly professional negotiations for the construction of this great project in Brazil.
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Up to 21 PSV’s tender: 11 confirmed
Petrobras released the partial homologation of the “Up to 21 PSVs” tender, as follopetrobws:
11 vessels are confirmed: Bram Búzios, Allie Chouest and Roger White, from Bram; Batuíra e Prion, from Wilson, Sons; Starnav Scorpius, from Starnav; Sealink 178, from Camorim, Posidonia Lion, from Posidonia, Wm Pacific, from Marlim (Bravante Group), e Standard Defender, from Galáxia and a new vessel, Jack Edwards, from Bram, replacing Clarence Triche. Jack Edwards and Allie Chouest have already arrived in Brazil.
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Subsea7 strikes Buzios 9 EPCI
Subsea7 was awarded by Petrobras for the subsea development of the Búzios 9 field, approximately 180 kilometres off the coast of Rio de Janeiro, in Santos Basin.
The scope of work includes engineering, procurement, fabrication, installation, and pre-commissioning of 102 kilometres of rigid risers and flowlines for the production system. The fabrication of the pipelines will take place in Espirito Santo and offshore operations are expected to last for two years, starting in 2026. Subsea7 didn’t disclose the exact value, but defines as a ‘super-major contract’, being over $1.25 billion, reinforcing the growth of the company in Brazil.
“Two years ago Subsea7 was awarded a contract similar to this one for the development of the Búzios 8 field, worth around USD 750 million”, remembers Omar Darian, Chartering Manager at WSB Advisors.
Subsea7 confirms award
On this monday (03), Subsea7 confirmed the award by Petrobras of four long-term day-rate contracts for PLSVs commencing in 2025. Together, these contracts have a combined value of over $1.25 billion. The contracts for Seven Rio, Seven Cruzeiro and Seven Sun comprise a firm three-year period while the award for Seven Waves comprises a firm four-year period. WSB reported in April further details regarding the commercial classification of the tender, including number of vessels expected to be awarded and daily rate levels.
“Subsea7 is pleased to extend its successful, long-term relationship with Petrobras that has covered both day rate PLSV activities and major greenfield projects since 1998. We look forward to continuing to work together to deliver complex and challenging deepwater developments with high standards of safety and reliability”, said Yann Cottart, Subsea’s Vice-President in Brazil.
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2 become 10
“Petrobras is facing ‘owner’s market’ conditions. The oil giant remains asking for too extended offer validity periods, and vessels are getting fixed elsewhere in a much more dynamic market. Notwithstanding, owners’ challenges with financing modifications and other particular requirements of the Brazilian market remain, Petrobras ain’t getting what they expect to hire.
The inevitable consequence is to review ongoing tenders as the current PSV demand being revised from 2 PSV/OSRV type to 10 units, now including oil, general cargo, fluid carriers and multipurpose PSV specs.”
This is the reflection of Alexandre Vilela, CEO of WSB, on the recent change promoted by Petrobras in opportunity 7004270127 via Petronect.
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WSB in new FPSO arrival
“WSB is proud to cooperate with MISC in several capacities in this project. We are working with the extremely professional team of colleagues from MISC to deliver a successful mobilization of unit” says Omar Darian, Chartering Manager at WSB.
FPSO Marechal Duque de Caxias has arrived in Brazil this week, set to enhance by 180 thousand boed the production of the Mero Field in the pre-salt region of the Santos Basin to over 590 thousand boed. The unit arrived straight to field, is being moored by Petrobras AHTSs before final preparations to start production shortly.
Stay tuned for further updates on WSB role on this project and other companies involved, and the exciting developments in Brazil’s energy sector.
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Petrobras signs deals for FPSOs
Petrobras has awarded two newbuilding contracts valued at approximately S$11 billion ($8.15 billion) to Seatrium for the construction of FPSOs P-84 and P-85.The two units will be installed, respectively, in the Atapu and Sépia fields, in deeper than 2 thousand meters waters in pre-salt of Santos Basin.
Construction of the P-84 and P-85 FPSOs will commence in first quarter of 2025 with the final delivery expected to be in 2029. The production is expected to begin between 2029 and 2030.
The vessels will have a daily production capacity of 225 thousand barrels of oil per day and process 10 million cubic meters of gas per day. Construction will be done in shipyards in Brazil, China and Singapore, with local content of 20% in P-84 and 25% in P-85.
These will be the second units in their respective fields. Atapu already has the P-70, while Sépia has the FPSO Carioca. These projects are expected to reduce the intensity of greenhouse gas emissions by 30% per barrel of oil equivalent produced, being among the most efficient FPSOs in Brazil.
Petrobras has a 65.7% stake in Atapu, in partnership with Shell (16.7%), TotalEnergies (15%), Petrogal (1.7%) and PPSA (0.9%). In Sépia, Petrobras has a 55.3% stake in partnership with TotalEnergies (16.9%), PETRONAS (12.7%), QatarEnergy (12.7%) and Petrogal Brasil (2.4%).
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Foreign tonnage on the rise
Further to our latest announcement on Bram Offshore’s foreign flagged PSV Juan C arrival, another two foreign flagged vessels have recently arrived in Brazil.
Both vessels were awarded as PSV 4500 General Cargo in different Petrobras tenders. Robert Adams joins Juan C and will be mobilized for a 1460 days firm charter contract expected to commence in September. In addition, Allie Chouest was awarded earlier this month under the “Up to 21 PSVs”, also for a 1460-day firm charter contract with commencement set for August.