OTC Brasil 2013 – Opening Day Highlights
The Offshore Technology Conference Brasil 2013, was only the 2nd time the conference was held in Rio de Janeiro, Brazil, yet it was obvious that the conference had grown in size and scope. During the 3 days a long list of interesting and even some exiting Technical Sessions took place, addressing everything from Local Content to the latest in Deepwater Technology. After the Opening Session on Tuesday October 29th, which was presented by OTC and IBP (Brazilian Petroleum Institute) senior executives and the OTC Brasil Technical Program Chairman, the main event was the Topical Luncheon on Planning and Management of Offshore Oil Opportunities in Brazil: Petrobras Perspective, which had as its speaker Petrobras CEO Maria das Graças Foster.
A Monster Named Libra
Back in 2009 I asked a good friend of my late father, who happened to be a long time Petrobras geologist, if he really knew the full potential of the pre-salt, after a while he looked up and said no not really, I know there are big fields out there, probably up to 10 billion boe in some reservoirs, possibly much more... Well, Petrobras kept on drilling and when Libra was found northeast of the Lula field (5 to 8 billion barrels boe), in 2010, the expectations ran high. Maybe 3.7 billion boe, maybe 15 billion boe. Probably 7.9, those are the numbers the ANP had in 2010. By May 2011 the ANP was downgrading it to 5 billion barrels boe.
Brasil Supply offering Integrated Solutions for the O&G Industry in Brazil
Brasil Supply was launched in 2002 to provide logistics services to offshore operations, technical services of oil, water and gas treatment fluids, and environmental services for the oil and gas industry. Their headquarters is located in the State of Espirito Santo, based in the cities of Anchieta and Cariacica, and they also have offices in the State of Rio de Janeiro, in cities of Rio das Ostras, Rio de Janeiro, and Duque de Caxias. Further south, they also operate in the city of Itajaí, in the State of Santa Catarina, and are developing a significant operation in the Northeast of the country, in association with other major service providers.
Sete Brasil and the Petrobras National Drillship Program
Sete (Seven) Brasil is the newest Petrobras offspring. The the new private company was launched to administer the 28 drillships that Petrobras will order. The tender process for the first seven orders was won by EAS shipyard, located in the Suape Complex, close to the city of Recife, in the Northeast State of Pernambuco. The total price for these seven drillers adds up to $4.637 billion, which means a $13 million discount from the original proposal. The final price for each driller is pegged at around $662 million and the drillers are scheduled to start operations by 2015. During construction the forecast is for 32 thousand direct and indirect job openings. In its operational phase, the forecast is for 10 thousand direct and indirect jobs for a period of 10 years.
OGX Keeps Up its Drilling Effort in 2011
After a nearly perfect drilling campaign on various fronts in 2010, OGX start 2011 with new discoveries in the Campos Basin. Although there was much skepticism at the start of OGX´s creation in 2007, after last year´s performance, the new Brazilian operator, which was created by Brazilian businessman and investor Eike Batista adding to the portfolio of his EBX Group can now easily be considered as a good investment, especially for those who bought in early. Eike´s strategy to hire and partner with Petrobras´s extraordinary geologist and executive Paulo Mendonça was vital not only to gain market value as to bring in deep knowledge of where do drill and how to plan the E&P campaign. It´s important to not that Petrobras´s exploratory success rate more than doubled after Mr.