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  • New FPSO in Brazilian waters

    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.

  • WSB.One: all information on your screen

    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

    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

    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

    Petrobras PSV Tender Results Announced

    By Alexandre Vilela

    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

    AHTS tender: an update

    By Alexandre Vilela

    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.

  • Updates on PSV newbuild tender

    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.

  • Production news: an update

    Production news: an update

    By Rafael Bortoloti

    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.

  • Offshore news: Enauta

    Offshore news: Enauta

    By Rafael Bortoloti

    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.

  • WSB Choice Awards 2024 Update

    WSB Choice Awards 2024 Update

    By Alexandre Vilela

    We are thrilled to announce that the closed voting for the WSB Choice Awards 2024 is nearing its conclusion. Very soon, you will have the chance to participate in the public voting right on LinkedIn, as well as on our WSB Website and other channels.

    Stay tuned for the upcoming announcement of the nominees! To make sure you don’t miss any updates, follow our page and turn on notifications.

    We want to hear from you! Comment below which categories you’re most excited about. The awards will be presented at our WSB Offshore Seminar 2024 in September.

    Don’t miss your chance to support and celebrate excellence in our industry!

  • FPSO Almirante Tamandaré en route to Brazil

    FPSO Almirante Tamandaré en route to Brazil

    Rafael Bortoloti

    The FPSO Almirante Tamandaré has departed from China en route to Brazil. Built at the CMHI shipyard, the FPSO will operate in the Búzios Field in the Santos Basin and will have the capacity to produce up to 225,000 boed. In March of this year, Petrobras reached a cumulative production of 1 billion barrels of oil in Búzios, with the combined output of five units operating in the field.

    This is the third FPSO to leave China for Brazil this year. The Maria Quitéria departed in May and is currently rounding Africa. It is expected to arrive in Brazil in the last quarter of this year.

    The Marechal Duque de Caxias left the Asian country in February and has been in Brazil since May, about to commence operations.

    Another FPSO in the final adjustment phase is the Atlanta, which left Dubai in March and arrived in Brazil in May, to work for Enauta.

  • Petrobras: new tender for OSRV

    Petrobras: new tender for OSRV

    Petrobras released a new tender to charter up to six more OSRVs, for contracts of 4 years firm duration. Vessels hired in this opportunity are set to begin operations by November 2025 or May 2026, depending on which of the two availbale batches Owners will offer for.

    Only Brazilian flagged vessels (or REB) are eligible to participate. Proposals are due by August 15th. Petrobras is considering vessels built 1997 onwards, with DP-1 capabilities, complete oil spill response equipment and 750m³ oil rec capacity.

    This tendering process comes out to the market two weeks after Petrobras disclosed the classification of their latest OSRV opportunity, in which almost half of the contenders were disqualified as a result of failing to comply with that tender’s document submission requirements, following revisions from Petrobras towards the end of that process.