New FPSO arrives in Brazil for final commissioning ahead of production start-up
MODEC's new FPSO has arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s energy giant, Petrobras.
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MODEC's new FPSO has arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s energy giant, Petrobras.
Five countries in Latin America – Brazil, Colombia, Guyana, Mexico and Venezuela – look to boost production in 2023, but the lion’s share of the production will come from developments in exploration hotspots Brazil and Guyana.
Analysts are upbeat on Yinson Holdings Bhd’s latest US$218mil (RM1.23bil) preliminary contract for the floating production, storage and offloading Agogo project in Angola.
Analysts raised their target prices (TPs) for Yinson Holdings Bhd, as they view favourably the floating, production, storage and offloading (FPSO) project worth US$218 million (RM956 million) won by the oil and gas company in Angola.
Brazil’s state-owned Petrobras looks to start up an FPSO unit this year ahead of schedule followed by four others in 2023 with combined capacity to produce 630,000 bbl/d.