Marine Technology Reporter Blogs - shale
O&G Mergers and Acquisitions on the rise in Brazil
According to data from KPMG consulting there were 22 merger and acquisition operations in the market during the first 6 months of 2013, 4 times higher than in the first semester of 2012. This is mostly due to the 11th round of bidding that took place in April sponsored by the ANP (National Petroleum Agency). According to a KPMG executive, since the O&G sector had not had any bidding rounds for 5 years, a score of new business opportunities arose that attracted many foreign investors. Of these 22 operations, 10 were buy-outs, where foreign companies bought Brazilian companies in order to enter the market. Another fact that relates to…
Water Injection improving deepwater and mature field EOR
Enhanced Oil Recovery (EOR) can increase the volume of recovered oil from a well mainly through the use of two distinct techniques. One is water injection, which is increasingly being used in mature fields and another is CO2 injection which is mostly used in deepwater fields and according to Petrobras will be extensively used at many of the pre-salt fields in Brazil, as these fields usually contain significant amounts of CO2 along with oil and gas. These are secondary production processes. The production process always refers to oil that is recovered naturally from a producing well, that is without the use of pressure or flow stimulants, such as water or CO2.