Page 2 - Andre Araujo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now "Since the start of the evaluation activities at the Libra Block, the southeast area that is distinct from the rest was identified as an area with low potential," Petrobras said in a statement. "The conclusion of data processing confirmed this expectation." The Libra production-sharing area was the first subsalt acreage sold under Brazil's production-sharing regime. The first subsalt bid round was held in 2013, with Petrobras partnering with Shell, Total, CNPC and CNOOC to snap u...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now "Yes, we're going to have a drilling campaign in 2021, with the timing focused on the second half of 2021," Araujo said during a webinar. Shell hired Seadrill's West Tellus rig to conduct the drilling campaign, Araujo said. Shell is moving full-steam ahead with exploration of a plethora of fresh acreage snapped up at licensing rounds held in 2017-2019, when Brazil eased restrictions on subsalt development and allowed foreign oil companies to operate subsalt fields sold under prod...

The St Kitts Nevis Observer Photo: Exxon Mobil. ExxonMobil plans in January to start a two-well drilling campaign in Brazil targeting pre-salt deposits using the Seadrill drillship West Saturn. (MercoPress)–December 22nd, 2020–ExxonMobil expects Brazil and Guyana will be key drivers for the company’s growth ambitions in the future, as the US super-major looks to concentrate the bulk of exploration and production development activities in the two South American nations, apparently leaving aside the shale deposits in Argentina. “We have a robust exploration program ahead of us,” Exx...