QUEST BRASIL DEEPWATER INSIGHT Vol
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QUEST BRASIL DEEPWATER INSIGHT Vol. 9, Issue 3 December 2013 P-61 DEPARTS ANGRA DOS REIS FOR THE CAMPOS BASIN PAPA-TERRA FIELD BrasFels completed the construction of platform P-61, which departed Angra dos Reis Bay on Dec. 31, 2013. The unit will make a technical stop for diesel and water near Ilha Grande and continue on until its final location, the Papa-Terra field in the Campos Basin. The journey will take about six days after leaving the shipyard. This is the first TLWP platform (Tension Leg Wellhead Platform) to be built and operated in Brasil. The P-61 will operate together with the P-63 FPSO unit, which commenced oil production in Papa-Terra on November 11. Together, the units have the capacity to produce 140,000 BOPD via 18 wells.The TLWP has a lower range of motion compared to alternatives, allowing the use of dry trees, which are deployed on the deck of Source: Petrobras TLWP rather than on the seabed. Petrobras notes that this arrangement easier well intervention through the use of submerged centrifugal pumps. All the P-61 production will be transferred to the P-63 to process, store and offload extracted oil to shuttle tankers. The P-63 can also compress 1 million cu. m/d of natural gas and the excess gas consumed on the platforms will be injected into the reservoir. The P-61’s deck and four modules were built in Singapore, Asia.Two of the modules drive and control the submerged centrifugal pump (SCP) of the wells, while the two others distribute electricity and provide platform/accommodation control, respectively. They were brought to the BrasFels Shipyard, in Angra dos Reis (RJ) where BrasFels built the hull. BrasFels was responsible for topsides integration. Continued on page 2... BRASIL DEEPWATER INSIGHT Corporate Headquarters: Paul H. Hillegeist David C. M. Thomas www.questoffshore.com President, COO Senior Editor 1600 Highway 6, Suite 300 John Chadderdon Nick Search Sugar Land, TX 77478, U.S.A. CEO Vice President Sales Voice: +1 (281) 491-5900 Subscriptions: Quest Offshore Resources, Inc. publishes Brasil Fax: +1 (281) 491-5902 Deepwater Insight in electronic format once per month. Subscrip- tions are available @ $950/yr for 12 issues. Multi-user licenses are Brasil Bureau: negotiable on an individual basis. Qbr Empreendimentos Romero Brito Address Change/Subscription Information: Please forward any written correspondence regarding address changes or subscription Rua João Pessoa, 338/505 information to : Quest Offshore Resources, Inc., 1600 Highway 6, 24.220-331 Niterói RJ, Brazil Suite 300, Sugar Land, TX 77478 or [email protected]. Tel. +55 21 3619-2344 Email:- [email protected] © 2013 Quest Offshore Resources, Inc. QBDI December 2013 2 P-61, which will be moored in 3,937 FSW (1,200 MSW), jobs and 7,350 indirect jobs. Local content of its services will be able to produce 100,000 BOPD. The platform reached 65%. can produce 6,000 kW of electrical power via three onboard generators, and receive up to 35 MW from the The Papa-Terra field, operated by Petrobras (62.5%) in P-63 for processing. The 23,000-ton platform has partnership with Chevron (37.5%), is located 110 km accommodations for 60 people. off the Brasilian coast, in depths of water between 1,312 FSW to 4.593 FSW (400 MSW and 1,400 MSW). At peak construction, the P-61 generated 2,450 direct CONTRACTS, ACQUISITIONS & INVESTMENTS PETROBRAS FINALIZES SALE OF BC-10 TO the Polvo oil field in Brasil. The definitive agreements SHELL & ONGC are still subject to a due diligence process to be conducted Petrobras finalized the sale of its 35% stake in the by BW Offshore, and remains subject to regulatory, Parque das Conchas (BC-10) offshore project for $1.636 governmental and board approvals. billion on Dec. 30, 2013.In August 2013, Petrobras Following the ongoing sale of BP’s stake in the Polvo signed an agreement to sell its 35% stake in the block, field to HRT Participações em Petróleo S.A. (HRT), BW subject to government approval and the preemptive Offshore has the intention to acquire half of HRT’s rights of its partners. Shell and ONGC Videsh decided stake. BW Offshore owns and operates the FPSO to buy out Petrobras, acquiring stakes of 23% (Shell) POLVO, operating under a firm contract until Q3 2014, and 12% (ONGC Videsh). with additional options until Q3 2022. The Brasilian Petroleum Agency (ANP) granted The Polvo oil field is located in the Campos basin in approval on December 18. Brasil. The field was brought onstream in 2007, with a In 2013, the contribution of BC-10 to Petrobras average 2013 year-to-date production of approximately 12,000 oil production volume was 8,600 BOPD. BOPD. The field installations include the FPSO POLVO, the Polvo A wellhead platform with a drilling rig and an infield pipeline. BW OFFSHORE ACQUIRES 30% STAKE IN POLVO FIELD BW Offshore inked a Letter of Intent to acquire 30% of MARKET HIGHLIGHTS PETROBRAS DECLARES FRANCO, SUL DE 28-degree API). During the execution of the Franco TUPI COMMERCIAL Mandatory Exploratory Plan, Petrobras acquired 3D Petrobras submitted the declaration that the oil and seismic data for the entire area and drilled two gas accumulations of Franco and Sul de Tupi are mandatory and six additional wells, with the objective commercially viable to Brasil’s National Petroleum, of delimiting and characterizing the reservoirs. An Natural Gas and Biofuels Agency (ANP). In the proposal extended formation test was also performed. sent to the ANP, the names suggested for the new fields Búzios field is some 200 km off the coast of Rio de Janeiro were Búzios and Lula Sul for Franco and Sul de Tupi, state at a water depth ranging from 5,249 FSW to respectively. 6,890 FSW (1,600 MSW to 2,100 MSW). Petrobras The volume contracted through the Transfer of Rights expects to bring five production systems onstream for Agreement for Franco area, 3.058 Bboe, was confirmed this field progressively from Q3 2016 to Q4 2019. in the exploratory phase. The pre-salt reservoirs in this The volume contracted through the Transfer of Rights field contain good quality oil (between 26-degree and © 2013 Quest Offshore Resources, Inc. QBDI December 2013 3 TABLE OF CONTENTS PETROBRAS FINALIZES SALE OF BC-10 TO SHELL & ONGC ....................................................................................................... 2 BW OFFSHORE ACQUIRES 30% STAKE IN POLVO FIELD .............................................................................................................. 2 PETROBRAS DECLARES FRANCO, SUL DE TUPI COMMERCIAL ................................................................................................. 2 PETROBRAS CONFIRMS SUCCESSFUL MOITA BONITA EXTENSION WELL ............................................................................ 3 BP TO RELINQUISH BM-CAL-13 FOLLOWING DISAPPOINTING PITANGA WELL ..................................................................... 3 PETROBRAS STRIKES OIL PAY IN THE DEEPWATER POTIGUAR BASIN ................................................................................... 4 KEPPEL, NATIONAL UNIVERSITY OF SINGAPORE INVEST IN CORE LAB ................................................................................ 4 ANP GREENLIGHTS KAROON’S APPRAISAL WORK PROGRAM APPLICATION .......................................................................... 4 BARCLAYS FORECASTS 6.1% GROWTH IN INTERNATIONAL E&P SPENDING ......................................................................... 4 SIX HRT BOARD MEMBERS RESIGN .................................................................................................................................................. 5 PETROBRAS NOVEMBER 2013 PRODUCTION UP 1.2% OVER OCTOBER 2013 .......................................................................... 5 BRASILIAN PRESIDENT, PETROBRAS CEO MARK COMPLETION OF PLATFORM P-62 ........................................................... 6 P-55 SEMI COMMENCES OPERATION ON RONCADOR FIELD ...................................................................................................... 6 BG GROUP CONFIRMS DOC FOR BM-S-9 CARIOCA AREA FIELD ................................................................................................. 6 OGX COMMENCES PRODUCTION FROM TUBARAO MARTELO FIELD ........................................................................................ 6 PETROBRAS TAPS NORSKAN FOR TWO AHTS VESSELS ............................................................................................................... 7 SIEM OFFSHORE SNARES CONTRACT FROM PETROBRAS FOR PSV SIEM ATLAS .................................................................7 PROSAFE GRABS $179MM CONTRACT EXTENSION FROM PETROBRAS ................................................................................... 7 SPECTRUM, CGG LAUNCH 3D SURVEY OFFSHORE BRASIL ........................................................................................................ 7 DAMEN DELIVERES FIFTH PSV IN SERIES TO WORLD WIDE SUPPLY ...................................................................................... 7 Agreement for the Sul de Tupi area, 128 MMboe, was 168), at a water depth of 9,186 FSW (2,800 MSW). The confirmed during the exploratory phase. The pre-salt Moita Bonita accumulation is part of the Sergipe- reservoirs in this field contain good quality oil (27º API). Alagoas Basin deepwater development program. Petrobras acquired 3D seismic data for the entire area and drilled a well, as stipulated in the Mandatory The consortium will proceed with the discovery Exploratory