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Tag: WSB
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WSB.One: all information on your screen
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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. -
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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FPSO Almirante Tamandaré en route to Brazil
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 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.
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Ocyan signs contract with Petrobras for Búzios
Ocyan has entered into a contract with Petrobras valued at approximately R$ 750 million for maintenance and other maritime services in the Búzios field, situated in the pre-salt region of the Santos Basin, about 180 km off the coast of Rio de Janeiro city. The agreement is set to last for four years, with an option to extend for an additional 320 days. The specific start date of the contract has yet to be determined.
For further information, please contact comercial@cms.oneenergynews.com. -
DS-17 and Equinor: a new deal
Equinor has announced that the Valaris Limited drillship DS-17 will undertake drilling duties for six wells in the Raia Project, located in the pre-salt Campos Basin. The contract’s total value is estimated at USD 498 million, covering standby periods, mobilization, modifications, and integrated services. The agreement spans approximately 852 days.
Drilling operations are slated to commence in 2026, with production at Raia expected to start by 2028. Currently, DS-17 is already engaged by Equinor in the Campos Basin’s Campo de Bacalhau until June 25. During this period, the contract allows for the drillship’s potential deployment in “alternative work.” DS-17 is an advanced ultra-deepwater drillship designed to operate in water depths exceeding 3,600 meters.
Additionally, Equinor has secured agreements with SLB, Baker Hughes, and Halliburton for supplementary services at Raia, valued at around USD 109 million. SLB will serve as the primary service provider. For further information, please contact comercial@cms.oneenergynews.com. -
IBAMA on Strike: The Why and the Consequences
The ongoing IBAMA strike has severe implications for the Oil & Gas industry, potentially resulting in a loss of between 80,000 and 220,000 barrels of oil per day. Delayed drilling and well connection campaigns are just the tip of the iceberg. The true impact is felt in the day-to-day operations, where a slower environmental authority leads to significant operational setbacks. Critical vessels enlisted in emergency response plans cannot be readily replaced, and production fields in need of maintenance face delays, risking operational integrity.
A close source from an independent oil company highlighted a specific case where a simple valve replacement on a well is stalled due to the mandatory approval process from the authority, which is now delayed by the strike.
The root cause of this strike lies in the outdated collective agreement for IBAMA personnel, last updated in 2014 and only enforced in 2025. Despite a decade passing, IBAMA remains one of the few institutions where employees do not receive incremental compensation for working in remote or hazardous locations. The career structure and plan, envisioned for a 22-year program, remain unchanged since its inception.
The industry is calling for urgent action, and it is imperative that the concerns of Ibama personnel are addressed promptly. -
New contracts for DOF
DOF Group announced charter contracts for AHTSs Skandi Jupiter and Skandi Mercury chartered to Petrobras three-years firm contracts with options, commencement 2nd half 2025. Both vessels sail under Norwegian flag and currently operate in the North Sea.
Additionally, DOF has signed MPSV Skandi Salvador, currently employed by Petrobras in the Libra Field. According to DOF the vessel has been contracted to support ‘1st level EPCI-SURF’ operations. The specific contracting company was not disclosed by DOF but our market intel team informed that Subsea7 is the charterer. -
Special WSB: Announcing the WSB Choice Awards 2024
Westhon through WSB Advisors, is thrilled to launch the WSB Choice Awards 2024, recognizing excellence across various categories. The closed voting has begun, and we are excited to announce that public voting will commence in August with the reveal of the nominated finalists.
Stay tuned for more updates and get ready to cast your vote for the best in the industry! -
Petrobas new tender: LH 2500
By Rafael Bortoloti
Petrobras opened a bid for chartering of up to five vessels of the LH 2500 type. The contracts will be valid for 1460 days, starting in the first half of 2025. The proposals will be divided into three lots (see details at the end of the report).
The oil company requires vessels to have been built from 2006 onwards, 45 tons of bollard pull and 92 m2 of deck capacity. There aren’t specifications regarding the maximum or minimum draft or the length of the vessel.
Contracting Procedure: Bidding by closed dispute mode, with judgment based on lowest price classifications per item.
Important days
*Proposal submission begins: July 11, 2024, at 20:00. (LT)
Proposal opening: August 1, 2024, at 17:00. (LT)
For more information or support, contact us at comercial@cms.oneenergynews.com
*Batches and Starting Data:*
– Batch 1: Starts in February 2025, execution of 1460 days.
– Batch 2: Start in March 2025, execution of 1460 days.
– Batch 3: Start in April 2025, execution of 1460 days.
Opportunity number: 7004289829