One Energy News

Category: Last News

  • AHTS contracts on the move

    AHTS contracts on the move

    Petrobras just released a partial tender result for the AHTS opportunity (July 2023 offers received November). Albeit offers now having expired, Petrobras has only confirmed a duo from DOF/Norskan Offshore Skandi Amazonas (without ROV Lot D1 delivery March or 60 days) and Skandi Rio (with ROV Lot A2 delivery February or 180 days). Several offers are under analysis and “out of demand”, with Petrobras clarifying that the demand can be reviewed (more vessels considered) during the process.

    “With approximately 15 AHTS contracts ending throughout the year, it is amazing that this process is taking so long to finish and that vessels on lots for delivery towards the end of the year offered around USD 60 thousand / day have not been hired and Petrobras lets offers expire.”, says a fellow owner asking us to not disclose his details.

    Indeed, at the virtue of Petrobras fixing PSVs 4500 at nearly USD 50 thousand on the SEP (16 PSVs), risking AHTSs of reliable players offered at the same level or just above being fixed elsewhere when demand is certain raises some eyebrows. More to follow.

  • Petrobras is facing a hard market to lease FPSO’s

    Petrobras is facing a hard market to lease FPSO’s

    Petrobras is facing a hard market to lease FPSOs for Sergipe-Alagoas (SEAL), in view of the increasing costs and the specificities of the GTD for these projects SEAP I and SEAP II. This is the second time Petrobras comes out to market for SEAP I though previously the selection being for BOT (Built-Operate-Transfer), after not having secured suitable offers. The alternative to leasing is for Petrobras to order the units themselves.

    Carlos Travassos, Executive Director of Engineering, Technology and Innovation declared this week that Petrobras has more control over operations with their owned units, but on the other hand, the process is lengthier. Travassos commented on aspects to increase the viability of projects such as the access to the Merchant Marine Fund (FMM), in addition to conversations with private and foreign financial institutions.

    SEAP project should have the capacity to process 120,000 boed each. Launched in April 2023, with proposals initially scheduled to be delivered in October, the tender was already postponed three times.

  • Floating dock on the move

    Floating dock on the move

    Atlas, Edison Chouest Group brand new floating dock for its port facility in Brazil, B-Port, is officially on its way to Açu, after leaving Navship shipyard in Navegantes. Last week, Atlas was towed through Itajaí Açu river to Itajaí Port, concluding phase 1 of 3 of the mobilization.

    It will now be towed from Itajaí Port all the way to the entrance of Açu Port (phase 2) for later berthing at B-Port (phase 3). The schedule to complete the mobilization is by end of March 2024. With outstanding dimensions, Atlas’ structure can be used for dry dockings and/or repairs services of large OSVs, including every single vessel in Bram Offshore’s fleet.

  • Production details

    Production details

    Enauta produced 27.000 boed of oil in February, 5% more than what the company recorded in the previous month. The main reason responsible for this was the Atlanta field, in the Santos Basin, currently the company’s main asset. Enauta has three wells and the FPSO Petrojarl I is in full production in the field.

    PRIO meanwhile…

    Also in February, PRIO produced 82.8 thousand boed of oil, a reduction of 13.3% compared to January. The main reason responsible for the drop was the Frade field, in the Campos Basin, with a decline of 22.2%, closing at 40.2 thousand boed. The Brazilian company stated that the numbers are explained by a defect in the gas compressor and guaranteed that a repair had already been carried out.

  • Petrobras will hire RSV’s

    Petrobras will hire RSV’s

    Petrobras disclosed the partial result for the RSV opportunity for offers received November 2023. So far, 9 Brazilian flagged vessels from Edison Chouest Offshore were qualified: Deborah Kay, Bongo, Paulo Cunha, Wildebeest, Joe Griffin, Santos Service, Bram Spirit, Bram Bravo and Eland, with discounts not over 5%. Once awarded Chouest will secure new commitments for all their RSVs ending contracts with the oil major.

    Incidentally all currently qualified offers from the same bidder in different lots, however the tender process indeed the pre-determined priority order of lots in the tender, with 5 other offers from Solstad Offshore ASA, Oceanica and Fugro still under evaluation by Petrobras. It reflects the responsiveness of bidders, not a preference of Petrobras. 5 vessels have been disqualified due to excessive pricing, whilst 6 others have not been evaluated (out of range), but could be as the process evolves.

  • Enauta with new tender

    Enauta with new tender

    Shortly after coming out with a long term opportunity to charter PSVs, Enauta hits the market with another tender, this time seeking to hire AHTS vessels. The Brazilian oil company is looking to expand and optimize their fleet, especially in preparation for the arrival of the new FPSO Atlanta, which will soon leave Dubai bound to Rio de Janeiro.

    The hook-up and commissioning of FPSO Atlanta is expected to happen sometime during Q2 2024, with Enauta having already secured the vessels that will take part in this operation. Both tenders have deadline for offers within March 2024 and the PSVs and AHTSs to be hired will support the production activities at Atlanta field.

  • Petrobras Kick Off drilling

    Petrobras Kick Off drilling

    Petrobras started drilling of the well 1-BRSA-1391-ESS, in block ES-M-596, in a water depth of 2,100 meters, in the Espírito Santo Basin. The vessel responsible for the activity is Foresea´s Norbe IX.

    The Brazilian state-owned company has a 100% stake in the block. It was acquired by Petrobras in 2013, during the 11th Bidding Round along with five other concessions in the region: ES-M-598 and ES-M-673 (80% Petrobras and 20% Enauta); ES-M-671 and ES-M-743 (100% Petrobrás) and ES-M-669 (40% Petrobras, 35% Equinor and 25% TotalEnergies). The basin has a sedimentary area of 123,130 km² up to a water depth of 3,000 m (17,900 km² on land).

    Last month, Petrobras also started drilling a new well in the POT-M-762 block, in the Potiguar Basin. The vessel used in the activity is the ODN II drillship, also owned by Foresea. The well is at a water depth of 2,196 meters.

  • Latest Production News

    Latest Production News

    The  National Oil Agency of Brazil released the monthly oil and gas production report for the month of January. Total production (oil + natural gas) was 4.487 million boed.

    From oil, 3.519 million bbld were extracted, a reduction of 1.8% compared to the previous month and an increase of 7.5% compared to January 2023. Natural gas production was 153.93 million m³/d. There was a reduction of 1.7% compared to December 2023 and an increase of 7.6% compared to January 2023.

    The total production (oil + natural gas) in the pre-salt, in January, was 3.389 million boed and corresponded to 75.5% of Brazilian production. This number represents a reduction of 2.8% compared to the previous month and an increase of 7.0% compared to the same month in 2023.

  • Petrobras bid PSV’s

    Petrobras bid PSV’s

    Proposals qualify published with the rate reduction factors (global day rate – TDG), changes only in lots items 21, 24 and 30 foreign flag, with Grupo Bravante (Marlin) taking the lead on Marinsa (Internav) in certain positions. The change only affects the lower ranks, improbable candidates for hire. Still, it displays the dynamics resulting from bonus criteria, which on the OSRV created a real fuss. Details on the OSRV only for WSB ONE clients.

  • HOS Colt in Rio

    HOS Colt in Rio

    PSV HOS Colt from owners Hornbeck Offshore has recently arrived in Guanabara Bay. She will be supporting a drilling campaign for an International oil company in Brazil. With the latest addition, Hornbeck now counts with a fleet of 7 PSVs working in Brazilian waters of which 6 are foreign flagged.

  • FPSO departs to Brazil

    FPSO departs to Brazil

    The FPSO Marechal Duque de Caxias has left China and will come to the Santos Basin, where it will operate in Mero Field, operated by Petrobras which charteres the vessel from MISC. The vessel should begin operations in September and has the capacity to produce up to 180,000 boed and compress up to 12 million cubic meters of gas.

    The unit will be part of Mero’s third definitive production system and will increase the field’s installed production capacity to 590,000 boed. This system provides for the interconnection of 15 wells to the unit, 8 oil producers and 7 water and gas injectors, through a subsea infrastructure consisting of 80 km of rigid production and injection pipelines, 47 km of flexible service pipelines and 44 km of control umbilicals. The FPSO has technologies to reduce emissions, like the CCUS (Carbon Capture, Utilization and Storage), where gas with CO2 is reinjected into the reservoir.

    Mero is the third largest field in Brazil in terms of volume of oil in place, behind Tupi and Búzios, also in the Santos Basin. Petrobras promises to put another unit into operation in Mero next year. In addition to Petrobras (38.6%), the field consortium is operated by Shell (19.3%), TotalEnergies (19.3%), CNOOC (9.65%), CNPC (9.65%) and PPSA (3.5%).

  • Belov’s appeal is rejected

    Belov’s appeal is rejected

    Petrobras closes the SDSV tender after nearly exceeding the validity of offers, finally disclosed the results of the appeal from bidders Belov against the initial award notice for Oceanica with vessels Far Sound and Far Scimitar.

    After appreciating the technical points brought up in the appeal, Petrobras decided to rule in favor of Oceanica and sustain the award for their vessels, albeit the differences between the requirement and the presented offers. With all stages of the public tender completed, Petrobras can now move to contract signature, with a 270-day mobilization period granted to the winner.

    With the SDSV now out of the way, Petrobras can better focus on the remaining unfinished tenders of their SUB management, such as the AHTS-R and RSV, both opportunities closed in November 2023 on which not even a partial qualification has been yet disclosed.