Environmental Risks of Drilling the Brazilian Equatorial Margin
With the 11th round of tendering for O&G block in Brazil set to start next week, it is important to look at some of the serious risks involved in drilling for O&G in Brazil’s Equatorial Margin. Most of the offshore blocks being tendered in this 11th round of bidding are located along Brazil’s northeast and north coasts. This, according to the Brazilian government, is being done in order to de-centralize O&G production in Brazil, where most of the oil and gas E&P is done along the southeast coast, basically centered off the states of São Paulo, Rio de Janeiro and Espirito Santo. This is all well and good, when considering the need to redistribute O&G wealth to other parts of the country…
New Deepwater Discoveries in Brazil
Petrobras, Brazil´s National operator hás recently disclosed new local and international O&G discoveries. The discoveries in Brazil are all in deepwater. In the Espírito Santo Basin the hydrocarbon accumulations were found in the Cretaceous reservoirs of a well known as Brigadeiro, down at 1,900 meters and located within the BM-ES-23 concession area in Block ES-M-525, 115 km off the coast of the State of Espírito Santo in southeast Brazil. This new deepwaterdiscovery at the very promising Espirito Santo Basin, was confirmed through wireline logging and fluid sampling, in t reservoirs located at around 4,200 meters.Petrobras is the operator of block BM-ES-23 (65%), which is also composed of Shell Brasil Petróleo (20%) and Inpex Petróleo Santos (15%).
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.