Marine Technology Reporter Blogs - alagoas

The auction of Libra pre-salt field, forecast to contain between 8 and 12 billion barrels boe in recoverable reserves, was Brazil's first bidding round in the pre-salt area, and failed to meet the high expectations placed on it by the Brazilian government, yet the government, the ANP (National Oil Regulator) and Petrobras are highly satisfied with the results because they managed to attract important and experienced partners in Shell and Total, along with the high rolling Chinese companies. Despite a nine-month global publicity campaign and predictions of fervent bidding by as many as 40 firms, the license was awarded to the only consortium to register a bid. Another controversial state controlled company PPSA will oversee the contract’s implementation, having both voting and veto rights.

[No text]Even with the continued increase foreign O&G service companies opening shop in Brazil, local companies also begin to offer more specialized services that once had to be imported. In some instances, even competing very favorably with international companies, well established in the industry. OilFinder is one of these local companies and it offers services such as remote sensing and computational modeling solutions for Exploration and Production of O&G and also solutions for emergency situations in case of oil spills. OilFinder has already made an impact with its Inverse Modeling services, reportedly an exclusive and innovative technology that estimates the origin of oil seeps on the seafloor.