Mumbai Docklands Regeneration Forum finds the Mumbai port offshore container terminal project to be besieged by unrealistic planning and performance
2200 MT well head platform transported by Freight Wings to offshore site in KG Basin
Using its Norwegian branch to launch a drillship operator is one of the options that Petrobras is evaluating in order to administer the 28 drillships the company plans to order.
China Petrochemical (Sinopec) and the Chinese national oil company (CNOOC) are holding separate negotiations with OGX Petroleo e Gás in order to acquire 20% of an OGX deepwater play at the Santos Basin. In general we can see a marked increase in Chinese involvement and investments in Brazil.
The recent discovery of hydrocarbon accumulations under the Albacora Leste field´s pre-salt layer confirms there potential of the Campos Basin to be a significant pre-salt producer.
This new pre-salt discovery in the Campos Basin, highlights the potential for new discoveries in both the pre and post salt layers of this mature basin, which up to now has been the main O&G producer in Brazil and until recently was considered by many as not having much more to give in terms of new reservoirs.
The two new discoveries in one well, announced by Petrobras last Thursday, strengthen the thesis pertaining to the possibility of the existence of a great reservoir beneath the salt layer of the Campos Basin.
With 8 exploratory wells producing hydrocarbon discoveries during the year and with estimates of recoverable oil of around 5 billion barrels, OGX ends 2009 on a very positive high.