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Country summary: Brazil

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Completed deals: 102

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Brazil - recent news

16 Aug 17
Brazil: Petrobras reports lower pre-salt production in July
In July, the oil and natural gas production operated by Petrobras (wholly-owned and partner shares) in the pre-salt layer was 1.61 million boed, a volume 4.3% lower than the previous month. This was due mainly to the scheduled stoppage of the P-58 FPSO in the Campos Basin.
12 Aug 17
Brazil: Petrobras announces pre-salt discovery in the Marlim Sul area of the Campos Basin
Petrobras has reported an oil discovery in the Campos Basin’s pre-salt layer, in the area of the Marlim Sul field. This is the first commercial discovery of oil in the pre-salt layer of the Marlim Sul area.
26 Jul 17
Brazil: CGG extends Santos VII multi-client survey to optimize Saturno field imaging
CGG has announced the completion of an extension of its Santos VII broadband 3D multiclient survey offshore Brazil. The 1,867 sq km extension to the original footprint gives CGG a total of almost 16,000 sq km of newly acquired and imaged pre-salt coverage.
26 Jul 17
Brazil: Karoon's Echidna oil discovery development concept approved for FEED
Karoon Gas Australia has announced that its Board has approved the development concept for the Echidna light oil discovery in Brazil's Santos Basin, progressing the project to the next phase in the development, Front-End Engineering and Design (‘FEED’).
21 Jul 17
Brazil: Subsea 7 awarded contract extensions offshore Brazil
Subsea 7 has announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil. The extensions have a combined value of approx. USD 250 million.

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