Tag: Petrobras

Rolls-Royce to equip seven drill ships for Petrobras

Fire at Petrobras FPSO During Sea Test

Output was delayed by Macondo disaster, technical issues with FPSO Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Thursday that the company had started pumping oil from the first of two deepwater oil fields in the U.S. Gulf of Mexico in late February.Output at the Cascade field started Feb. 25, when the Cascade 4 well was connected to the BW Pioneer floating production, storage and offloading vessel, or FPSO, Petrobras said. The BW Pioneer is the first FPSO used for oil and natural gas production in the U.S. Gulf of Mexico, according to the company. Petrobras uses FPSOs extensively as production platforms at Brazilian offshore fields.Cascade and a sister field, called Chinook, are part of an ultradeepwater oil reserve discovered about 250 kilometers off the coast of Louisiana. Cascade lies in about 2,500 meters (8,200 feet) of water, Petrobras said.Petrobras had originally expected to start output at the Cascade and Chinook fields in 2010, but the project was delayed after the U.S. government banned offshore drilling in the wake of the Macondo spill disaster. After receiving approval by the U.S. Department of the Interior to use the FPSO in March 2011, production was delayed once again ...

Petrobras will pay $76.3 billion over 15 years Petrobras will pay $76.3 billion over 15 years to lease 26 deepwater oil drilling rigs from Brazil's Sete Brasil and Cyprus's Ocean Rig , the largest contract in the company's history, an executive involved in the deal told Reuters on Thursday.Petrobras will lease 21 rigs from Rio de Janeiro-based Sete Brasil for an average of $530,000 a day and 5 ships from Nicosia-based Ocean Rig for an average $548,000 a day, according to a Petrobras statement. The ships will be delivered over a 45- to 90-month period.The rigs will be built in Brazilian shipyards and have financial support from the export development agencies of the United States and Norway, the source, who requested anonymity, said.Petrobras, the world's No. 5 integrated oil company by market value, is in the middle of a $225 billion expansion plan. The company seeks to nearly triple output to 6.4 million barrels a day of oil and natural gas equivalent by 2020, a goal that could help Brazil challenge the United States for the role of No. 3 oil producer after Russia and Saudi Arabia.It needs the drillships to develop giant oil reserves being discovered in the Santos ...

The vessel is a highly efficient, state-of-the-art 6th generation ultra deepwater drillship Deep Sea Metro Ltd. has taken delivery of the drillship Deepsea Metro II from Hyundai Heavy Industries (HHI).President & CEO of Odfjell Drilling, Simen Lieungh states:"This is the second project for Deep Sea Metro this year and fourth overall that Odfjell Drilling has successfully delivered since the Deepsea Atlantic in 2009. We are pleased to see that our site team and the yard have succeeded in every way, with regards to safety and schedule. The safety results in all our projects are very satisfactory, which is an important indicator of professionalism and accountability in all aspects. With the delivery of this state of the art vessel, we are now looking forward to the operations ahead."Deepsea Metro II will commence its first drilling campaign for Petrobras in Brazil.The vessel is a highly efficient, state-of-the-art 6th generation ultra deepwater drillship. It is equipped with the latest technology and with focus on zero discharge and other green rig features.Deepsea Metro II is the second of two ultra deepwater drillships ordered by Deep Sea Metro Ltd. The Metrostar Group retains 60 percent ownership in Deepsea Metro I & II and Odfjell Drilling ...

Petrobras' biofuels development research project Petrobras Biocombustível's head of Technology Management, João Norberto Noschang Neto, talked about Petrobras' biofuels development research projects during the Ethanol Summit in São Paulo this Tuesday, June 7 2011.Speaking as a member of the panel on "Cellulosic Biofuels: has the future arrived?", he stressed the company's strong commitment to invest in biofuels development, with some $400 million earmarked in the 2010-2014 Business Plan.According to Mr. Norberto, biofuels development presents a major challenge on a global scale, and Petrobras is determined to maintain its leading position. "We are using a number of approaches in our research, including the reuse of glycerin (a byproduct of biodiesel production), rejuvenation of mature fields, and even cellulosic ethanol and aviation biofuel development," he said.He added that projects were already under way to exploit microalgae for producing oil feedstock for biofuels and to develop biotechnology platforms. "We are also focusing on process sustainability and analyzing the biodiesel and ethanol life cycle throughout all production phases."He pointed out that one of the challenges facing the biofuels sector is vertical growth in productivity. "Research has already shown that it is possible to improve productivity, even in first-generation ethanol, by extending harvesting periods, storing ...