Marine Technology Reporter Blogs - campos

The Sevan Driller is a one of a kind deepwater and harsh environment driller which has arrived in Brazil and is preparing to start operations for Petrobras in the Campos Basin.Sevan Marine has developed a cylinder shaped floater, suitable for all offshore environments, using their own proprietary technology. Presently, Sevan Marine has four FPSO contracts, including the Goliat Sevan 1000 FPSO, and three drilling contracts with clients. One of their cylindrical FPSOs, the Sevan Piranema is already in operations in Brazil for Petrobras on an 11 year fixed contract with 6 x 1 year options  + 5 x 1 year mutually agreed . The FPSO Sevan Piranema has performed with consistently high production uptime levels since its start up in October 2007.

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. The Campos Basin pre-salt shows its potential even if volumes are less than at the Santos Basin, as various factors related to logistics, production timeline and development costs make this possibility very attractive to players and specially to Petrobras. As is widely known, the Campos Basin is presently responsible for over 80% of the Brazilian O&G production. The discoveries indicate the existence of hydrocarbons in both the pre-salt and the post-salt layers in a single well at the Barracuda field in the Campos Basin, 100km from the coast of  Rio de Janeiro.

With major contracts secured in the last two years in Brazil, Cameron is in a great position to expand its presence in the Brazilian subsea market in 2010 and beyond.After being awarded a $100 million contract for 25 subsea Xmas tress for the Campos Basin by Petrobras in 2008, (deliveries completed in late 2009), Cameron entered into a frame agreement with Petrobras in 2009, expected to be worth approximately $500 million, for the supply of subsea trees and related running tools to Petrobras for use in their developments offshore Brazil. Under the agreement, Cameron is providing 138 subsea Christmas trees, with the installation to be supported by 18 sets of running tools that are also part of the scope of supply.

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.OGX Petróleo e Gás Participações S.A., announced two days ago that it had completed the drilling of well 1-OGX-2A-RJS, located in the BM-C-41 block, in the shallow waters of the southern part of the Campos Basin. OGX holds a 100% working interest in this block. The well was drilled to a depth of approximately 3,550 meters, resulting in the finding of hydrocarbons in five different reservoirs: Eocene, Upper Cretaceous, Albian, Aptian and Barremian. Once the drilling of the well was concluded…