Tag: Petrobras
Petrobras honoured for its contribution to shipping
Petrobras was felicitated at the third edition of Naval Award for Quality and Sustainability (PNQS) for the contribution to the shipping industry in Brazil. The company was represented at the event by the advisor to the president for local content and Prominp (Mobilization Program for the National Oil and Natural Gas Industry), Paul Alonso.
Petrobras selects Prysmian Umbilicals, flexible pipes
Prysmian Group was awarded a major contract worth approx. USD 260M, related to a frame agreement for Umbilical products for offshore oil and gas extraction, by Brazilian oil company Petrobras.
The award refers to a frame agreement for 360km of Umbilicals, most of it to be used in pre-salt fields, in 16 different cross sections and related ancillaries, offshore services and qualifications, worth approximately USD 260M with 50% minimum purchasing commitment and call-off orders to be placed within a two-year period.
The award refers to a frame agreement for 360km of Umbilicals, most of it to be used in pre-salt fields, in 16 different cross sections and related ancillaries, offshore services and qualifications, worth approximately USD 260M with 50% minimum purchasing commitment and call-off orders to be placed within a two-year period.
DeepOcean awarded new IMR contract with Petrobras
DeepOcean AS, part of DeepOcean Group, together with its Brazilian partner Comphania Brasileira de Offshore (CBO), have been awarded a 2-year contract with 2-year extension options by Petróleo Brasileiro (Petrobras) E&P Services.
P-63 goes to final location after completing additional
The P-63 FPSO ended being temporarily located in Ilha de Santana, in Macaé (RJ), after it was finished within the set period. This was to complete additional works resulting from a change in the underwater layout of the wells, which was carried out to adhere to environmental licensing conditions.
Petrobras completes drilling and test of fourth we
Petrobras has completed the drilling and formation test of the fourth exploratory well at Iara area, block BM-S-11, in the Santos Basin pre-salt. These results have strengthened the potential of recoverable light oil from Iara, and have confirmed the discovery of good quality oil (28° API) announced in March.
Petrobras adopts hedge accounting
Petrobras has announced that, as of mid-May 2013, it began using the practice known as Hedge Accounting for its export business.
The CPC38 – Financial Instruments: Recognition and Measurement accounting pronouncement, which regulates this practice in Brazil, allows companies to reduce impacts to their periodic results caused by exchange rate fluctuations, provided that they generate foreign currency future cash flows that are equivalent and in opposite directions.
The CPC38 – Financial Instruments: Recognition and Measurement accounting pronouncement, which regulates this practice in Brazil, allows companies to reduce impacts to their periodic results caused by exchange rate fluctuations, provided that they generate foreign currency future cash flows that are equivalent and in opposite directions.
Petrobras to use Technip’s flexible pipes
Technip was awarded a major contract by Petrobras for the supply of flexible pipes for the Iracema Sul (former Cernambi Sul) field, located in the Santos Basin pre-salt area in Brazil, at a water depth of up to 2,500m.
Petrobras to build 23 New OSVs
As part of its third Fleet Renewal Plan for offshore support vessels, Petrobras signed contracts for 23 new support vessels on Thursday. New discovery in the Rights Transfer Area
Petrobras has discovered good-quality oil in the fourth well drilled in the Rights Transfer area in the Santos Basin pre-salt cluster. The well, 3-BRSA-1053-RJS (3-RJS-699), known as Franco SW, is located at a water depth of 2,024 m, some 210 km off the coast of the city of Rio de Janeiro and 17 km south of discovery well 2-ANP-1-RJS (Franco).
GE & Petrobras sign record contract
GE Oil & Gas has signed a record deal of nearly $1.1B (USD) with Brazilian energy company Petrobras. This is the world's largest subsea wellhead production contract. 