Brazil Exploration Review 2013
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.
VetcoGray´s Metal-to-Metal Sealing Technology
The increase in exploratory O&G programs around the world and specifically the deepwater exploration programs being undertaken at the GOM, in West Africa and Brazil has caused major improvements and new technologies and materials to be employed in subsea equipment, such as BOPs, wellhead systems, risers, manifolds, flowlines, drilling fluids among others. GE´s VetcoGray has developed an interesting seal technology for its subsea wellheads. Named MS seal, it is based on Metal-to-metal sealing technology. All VetcoGray subsea wellheads use metal-to-metal sealing technology, which is superior to elastomer options because it prevents inevitable heat and corrosive fluids from damaging seal integrity. Both the wellhead and hanger have a sealing area of parallel wickers.