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Latin America

offshore_oil_rig
The offshore segment is dominating the slickline services market.

Slickline services market on the rise

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 20 May 2025

OffshoreThe global slickline services market size is expected to reach US$ 8.23bn in 2025, rising to around USD 12.56bn by 2034 at a CAGR of around 2.79%, according to a new report from Custom Market Insights.

According to the report, the offshore segment is dominating the slickline services market as the demand for well intervention in deepwater and ultra-deepwater oilfields, such as Brazil's pre-salt reserves, is increasing.

The report highlights that as oil and gas reservoirs become deeper and more complex, operators are turning to digital slickline solutions for improved efficiency, data acquisition, and automation due to the constraints of traditional mechanical slickline techniques.

Operators are incorporating fibre-optic slicklines, memory tools, and automated control systems that allow for real-time data collection and predictive maintenance. The evolution is transforming the marketplace, enabling oil and gas organisations to remotely monitor well conditions and minimise operational risks.

Digital slickline solutions offer operators immediate access to well data, enhancing well diagnostics as operators can track downhole conditions more rapidly and with improved accuracy, and enabling better and faster decision-making.

The integration of automation and AI is another notable trend driving the slickline services market, the report notes. Automation improves accuracy, reduces human errors, and improves operational efficiency by minimising the need for human involvement.

Predictive analytics use AI to allow operators to predict which equipment will fail and when, allowing them to optimise timing of an intervention, and thereby saving costs. For example, Total Energies and Shell are deploying AI-enabled monitoring systems during offshore operations to ensure the reliability and efficiency of well intervention activities.

As a result, there has been a trend toward robotic slickline units, especially in more remote and dangerous environments where worker safety is a particular concern.

However, such innovations are expensive, proving a constraint to widespread adoption, especially by smaller service providers. This needs to be balanced against the long-term return on investment through improved efficiency, reduced downtime and more accurate well diagnostics.

In the race for innovation in slickline services, industry giants are now investing heavily in next-generation solutions that promise to reshape the slickline landscape, thus strengthening well intervention around the world.

Image_of_Woodside_working_on_Trion_project_in_Mexico
FPU topside modules are undergoing fabrication work. (Image source: Woodside)

Woodside sets off major contracts for Trion deepwater development in Mexico

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 14 May, 2025

woodsidetrionWith key approvals received and multiple contracts in place, Woodside is advancing towards first oil production from its Trion project offshore Mexico in 2028. 

"Since the final investment decision, our teams have tackled challenges head-on, reaching major milestones and entering the fabrication phase," said Stephane Drouaud, Vice President, Trion, while acknowledging the Trion team's dedication and drive in making the project happen.

Three floating production unit (FPU) topside modules are undergoing fabrication work in Ulsan, South Korea. Steel cutting required to prepare the floating storage offloading (FSO) vessel disconnectable turret mooring system (DTM) has been taken care of at the Cosco Shipyard in Qidong, China.

Transocean's Deepwater Thalassa has been hired to spearhead the drilling campaign set for Q1 2026.

Another drilling contract has been reached with SLB to secure the delivery of 18 ultra-deepwater wells over three years. It is also supplying subsea horizontal trees, controls and topside equipment, with manufacturing underway.

Meanwhile, the local teams have made progress on the regulatory front. The environmental permit application has been submitted, and work is underway on the HSE management system permit application.

“We are proud to be a part of Mexico’s energy future,” Stephane said.

“With our ‘one team, one goal’ mindset, I am confident we will continue making history as we deliver Mexico’s first ultra-deepwater development.” 

The Trion field lies 180 km off the Mexican coast at a water depth of 2500 m and was discovered by Mexican National Oil Company PEMEX in 2012. 

To know more about the global well intervention scene, register here for Offshore Network's upcoming conferences. 

Image_of_Subsea7_on_Petrobras_operated_Buzios
Subsea7 will build a network of 112 km rigid risers and flowlines system. (Image source: Subsea7)

Subsea7 wins contract from Petrobras for Buzios field development

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 6 May, 2025

subsea7petrobrasSubsea 7 has won a significant contract from Petrobras via a competitive tender, for the development of the Buzios 11 field offshore Brazil

The company will be providing engineering, procurement, fabrication, installation, and pre-commissioning of 112 km rigid risers and flowlines system for the field development. 

While the company will be initiating project management and engineering work from its offices in Rio de Janeiro, Suresnes and Sutton, it will handle pipelines fabrication from its spoolbase in Brazil.

Located approximately 180 kms off the coast of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin, activities on the site will take place in 2027 and 2028.

Delivering world-scale projects

Yann Cottart, Senior Vice-President Brazil and Global Projects Centre West said, "This award again underscores Subsea7’s proven expertise in delivering complex, world-scale size projects, reinforcing our strong execution capabilities and commitment to operational excellence and safety.

"With a solid backlog and a diverse portfolio, we continue to drive value for our shareholders while further contributing to Brazil’s development. We thank Petrobras for their trust and look forward to once again playing a significant role in the success of the Buzios field." 

Seamless tubular solutions provider, Vallourec is also contributing in the Petrobras-operated Buzios project. 

Image_of_Vallourec_linepipes_for_Buzios
The pipes will be used in the construction of risers and flowlines for the project. (Image source: Adobe Stock)

Allseas hires Vallourec for line pipes delivery offshore Brazil

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 29 April, 2025

vallourecbrazilSeamless tubular solutions provider, Vallourec, has been chosen by Allseas to supply line pipes for Buzios 10 offshore project located at the Petrobras-operated Buzios field.

The risers and flowlines for the project will be made of Vallourec's 18,000 tons of subsea seamless premium carbon steel line pipes. The contract also extends beyond this initial offering to also leave scope for an aditional 5,000 tons approximately.

The Buzios field that is situated off the coast of Rio de Janeiro is one of the world's largest deepwater fields under Petrobras' name. Undoubtedly one of the company's most important portfolio, five additional units from the site are being worked upon so that they can start production to meet optimisation targets by 2028. 

Centralised digital portal 

The services of a centralised digital portal by Vallourec called the Pipe Navigator solution will also be a part of the contract, offering the client a holistic idea of its line pipe projects via instant up-to-date contractual documentation, data and analysis. The entire production will be carried out at Valourec's facility in Jeceaba (Minas Gerais, Brazil) to ensure high local content and a reduced carbon footprint.

Philippe Guillemot, Group's Chairman and CEO, said, “This contract reinforces our strategic positioning in Brazil, one of our key markets for complex offshore projects. It also serves as legacy to our ability to deliver premium tubular solutions, fully manufactured in Brazil. This contract also validates the investment strategy implemented over the past three years to enhance our industrial performance and meet the most demanding requirements of our customers.” 

To know more about Latin America's offshore scene, click here. 

Image_of_Petrobras_platform_for_well_decommissioning_in_Sergipe_Basin
Petrobras is advancing its decommissioning processes in the Sergipe Basin. (Image source: Petrobras)

Petrobras initiates well decommissioning in Sergipe Basin

  • Region: Latin America
  • Topics: All Topics
  • Date: 23 April, 2025

petrobrassergipePetrobras-contracted PA-38 jack-up platform has arrived in the Sergipe Basin to initiate well decommissioning activities in the Guaricema field, in shallow waters, approximately 9km from the coast.

These are in line with Petrobras' US$1.7bn-worth Facilities Decommissioning Programme in Sergipe that falls under the company's Strategic and Business Plan for the period 2025 to 2029.

With legs measuring almost 150 meters in height (equivalent to a 42-story skyscraper) and weighing 12,700 tons (equivalent to more than 12,000 popular cars), the self-elevating platform will perform intervention activities in oil and natural gas wells for their deactivation and capping. The initial campaign will last approximately seven months, with subsequent movement to other wells.

“Petrobras is advancing its decommissioning processes in the Sergipe Basin, a natural step for assets with more than 25 years of production in a mature industry such as Brazil’s oil and gas industry. All work is being conducted using the best techniques and in line with current regulations,” said Carlos Castilho, Petrobras’ General Manager of Decommissioning Projects. 

The decommissioning of as many as 26 production units will be initiated by Petrobras in Sergipe, unlocking opportunities to the industry and the local supply chain. The Sergipe Basin is the second with the largest volume of investments in decommissioning in the country, right after the Campos Basin, which occupies the first position. Petrobras' operational unit in the region, headquartered in Aracaju, is dedicated to decommissioning operations in the Sergipe-Alagoas, Rio Grande do Norte and Ceara Basins.

 

offshore_oil_rig
The project aims at boosting production efficiency and increasing recoverable reserves by approximately 12mn barrels. (Image source: Adobe Stock)

BW Energy to boost production at Brazil's Golfinho field

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 15 April, 2025

AdobeStock 642387143Bermuda-headquartered BW Energy has announced final investment decision (FID) for the US$107mn Golfinho Boost project, which aims to increase uptime, reduce operating expenses and add around 3,000 bpd of incremental oil production from 2027 at the Golfinho field, offshore Brazil.

The project includes a number of measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12mn barrels. They include upgrades to the subsea boosting system by replacing gas lift with Electrical Submersible Pumps (ESPs) at the seabed, reopening of shut-in wells, umbilicals replacement, improved field logistics and FPSO capacity enhancements.

This follows the extension of BW Energy’s Golfinho licence by Brazilian oil and gas regulator ANP. The production phase under the Golfinho concession contract has been extended to 2042 from 2031 previously, following ANP’s approval of the company’s field development plan in November 2024.

“BW Energy continues to strengthen its position in Brazil through targeted measures on the Golfinho field to increase production, uptime and operational independence. The planned low-risk enhancements to field assets and operations offer very attractive returns and are expected to help unlock material long-term value creation for the company and its stakeholders,” said Carl K. Arnet, CEO of BW Energy.

The Golfinho field, which has been producing since 2007,  is in the Espírito Santo Basin with water depths between 800 and 1,700 metres. BW Energy is the operator with 100% working interest in the Golfinho licence following the August 2023 acquisition of the Golfinho and Camarupim Clusters. Hydrocarbons are produced to the FPSO Cidade de Vitória, which BW Energy acquired and has operated since November 2023. 

Image_of_a_drillship_to_hit_Brazilian_shores
Hanwha's new drillship undergoes naming ceremony. (Image source: Adobe Stock)

Hanwha's drillship to hit Brazilian shores

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 9 April, 2025

hanwhapetrobrasHanwha Drilling's new deepwater drillship under Hanwha Ocean's banner is now known as the Tidal Action, following its naming ceremony in South Korea.

Designed to reach drilling depths of up to 12,000 m in waters running 3,600 m deep, the Tidal Action is gearing up  to serve Constellation Oil Services and Petrobras offshore Brazil, where drilling operations are set to start before the year ends. The dynamically positioned vessel can support 20,000-psi blowout preventers (BOPs). It is equipped with DP3-certified thrusters, generous deck space, and load capacities, along with dual derricks to support heavy drilling activity and efficiency.

Considering its "history of operational performance, quality people and excellent relationships with its customers", Hanwha Drilling has partnerered with Constellation who will be managing the Tidal Action drillship for Petrobras. Hanwha Drilling acknowledges the contract as a milestone for the company and an ideal fit for Tidal Action, given the scope of work and timing. 

Laguna Star

Besides Tidal Action, the Laguna Star drillship which belongs to Constellation's fleet will also be deployed for Petrobras. Ready for operation following necessary adjustments and inspection, the Laguna Star vessel will be capable of drilling in water depths of up to 10,000 feet, with a drilling depth capacity of up to 40,000 feet.

The 2012-built sixth-generation Laguna Star ultra-deepwater DP drillship was constructed at Samsung Heavy Industries shipyard in South Korea. 

To know more about the well lifecycle scene in Latin America, click here. 

 

 

Image of the white crest of ocean tides
The agreement has a total value of US$170mn for P&A work in the Sergipe, Alagoas, Ceará and Potiguar basins in Brazil. (IMage Source: Canva Pro)

Constellation announces long-term P&A contract with Petrobras

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 1 April, 2025

ocean wavesConstellation Oil Services Holiday (Constellation) has won a new contract with Petrobras for the deployment of a jackup drilling rig for a P&A campaign in the shallow waters of four Brazilian basins.

The agreement has a total value of US$170mn for P&A work in the Sergipe, Alagoas, Ceará and Potiguar basins being carried out by the Admarine 51 rig. The rig will be run and operated by Constellation, which will have up to 210 days to mobilise the rig from its current location in Bahrain to the Brazilian waters, where it will remain for 1,143 days (over three years) with the option to extend up to 472 days.

Rodrigo Ribeiro, CEO of Constellation, said, “We are excited to announce the signing of this new contract, marking our strategic return to shallow water operations and our entry into a promising market segment. This project is the second third-party owned asset to be operated by Constellation, aligning with our core competencies as Drilling Contractors and playing a vital role in Petrobras' ambitious decommissioning plans. The initiative will progress in stages, commencing with the P&A of a significant number of wells currently connected to these fixed platforms.”

Image_of_Shell_engineer_onboard_Gato_do_Mato
Gato do Mato field will commence operations in 2029. (Image source: Shell)

Modec to deliver FPSO Gato do Mato for Shell

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 27 March, 2025

shellbrazilShell Brasil Petroleo Ltd has reached a final investment decision (FID) with Modec Inc for a floating production storage and offloading (FPSO) vessel to be deployed at the Gato do Mato oil field, offshore Brazil.

The partners have a purchase and sales agreement that allows Modec to cover operations and maintenance of the FPSO for a period of 20 years with Shell. This follows the front-end engineering design (FEED) contract in March 2024 that has already been delivered. 

The new agreement makes Modec responsible for the design of the hull and all related topsides facilities for the FPSO before mooring it with the help of a Sofec Spread Mooring system. Once moored at a water depth of approximately 2,000m, around 200km South of Rio de Janeiro, FPSO Gato do Mato will be capable of producing 120,000 barrels of oil per day (bopd), as well as associated gas and water. The produced stabilized crude will be stored in the FPSO tanks, and the oil will be offloaded to shuttle tankers to go to market.

Modec's 19th project in Brazil and the second for Shell, the FPSO Gato do Mato will feature a new built, custom-made next generation hull, designed on the basis of a 25-year shelf life. 

The FPSO Gato do Mato will be the 19th FPSO to be developed by MODEC for Brazil. It will be the second unit to be delivered directly to Shell by MODEC for operation in Brazil. 

The FPSO agreement comes soon after Shell took the FID for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil.

The Gato do Mato Consortium includes Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pré-Sal Petróleo S.A. (PPSA) acting as the manager of the production sharing contract (PSC). It is said that the estimated recoverable resource volumes from the site can reach upto 370 mn barrels.

“Gato do Mato is an example of our ongoing investment in increasingly efficient projects,” said Zoe Yujnovich, Shell’s Integrated Gas and Upstream Director. “The project contributes to maintaining stable liquids production from our advantaged Upstream business, and expands our leadership as the largest foreign producer in Brazil as we continue working to provide for the world’s energy needs well into the future.”

The consortium anticipates that the Gato do Mato field will commence operations in 2029. 

Cilck here to know more about Offshore Network's events in Latin America. 

Image of a Baker Hughes engineer
Baker Hughes has announced a major multi-year contract with Petrobras for fully-integrated completions systems. (Image Source: Baker Hughes)

Baker Hughes to provide fully integrated completions for Petrobras

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 25 March, 2025

baker hughes engineerBaker Hughes has announced a major multi-year contract with Petrobras for fully-integrated completions systems.

The award followed an open tender and will leverage Baker Hughes’ innovative technology portfolio and extensive experience in Brazil to optimise production across multiple deepwater fields.

A range of technologies have been specifically tailored to meet the needs of Petrobras’ offshore developments. The completions technologies will be combined with conventional upper and lower completions solutions to provide remote operations capabilities and multizone control which limits water and gas breakthroughs, reducing the risk of costly interventions.

Amerino Gatti, Executive Vice President, Oilfield Services & Equipment at Baker Hughes, said, ““Deepwater, high pressure wells require an unmatched level of reliability, and our completion technologies have proven themselves in these harsh environments […] Through continual innovation, improvement and testing, and in close collaboration with Petrobras, the Baker Hughes team has pioneered new ways to help develop Brazil’s natural resources safely and efficiently for decades to come.”

Through the agreement Petrobras will utilise Baker Hughes’ new SureCONTROL Premium interval control valve (ICV), which provides enhanced reliability in the high flowrates of Petrobras’ offshore fields. The technology allows operators to respond remotely to evolving well conditions across multiple zones in real time.

Petrobras will deploy a number of Baker Hughes’ technologies, including the SureSENS QPT ELITE downhole gauges, SureSENS B-Annulus monitoring system, SureTREAT chemical injection system, Sure-Set flow control system, Orbit Premium barrier valves, a gas lift system, REACH subsurface safety valves, DeepShield subsurface safety valves, Premier packers, screens and gravel pack system.

Delivery of the completions technologies will begin in late 2025.

Image of a rig
The agreement encompasses development and testing, as well as a purchase option for the next-gen flexible pipes, which will have an extended service life of 30 years in high CO2 environments. (Image Source: Baker Hughes)

Baker Hughes awarded corrosion technology agreement with Petrobras

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 18 March, 2025

baker hughes petrobras SCC CO2Energy technology company Baker Hughes has announced a joint technology development programme with Petrobras to provide a solution for stress corrosion cracking in flexible pipelines.

The agreement encompasses development and testing, as well as a purchase option for the next-gen flexible pipes, which will have an extended service life of 30 years in high CO2 environments. The collaborative effort between both companies will be primarily executed in Baker Hughes’ Rio de Janeiro Energy Technology Innovation Center and nearby pipe systems manufacturing plant.

Stress corrosion cracking due to CO2 (SCC-CO2) was identified in 2016 and has an effect on flexible pipes in pre-salt fields, which have a high concentration of naturally occurring CO2. If water penetrates a pipe’s annulus area, the corrosion to steel reinforcement layers can weaken structural integrity. This issue is particularly apparent in Brazil’s pre-salt fields, where Petrobras is reinjecting CO2 from its production operations into wells to enhance oil recovery.

Amerino Gatti, Executive Vice President, Oilfield Services & Equipment at Baker Hughes, said, “Baker Hughes has led the way in addressing SCC-CO2, and we will bring that expertise and experience to bear in developing the definitive solution to this critical industry challenge. By deploying flexible pipe systems that last for decades, Petrobras can more efficiently unlock the vital natural resources that power the region, while also safely returning CO2 deep underground.”

Until now, operators in high-CO2 environments have relied on solutions that mitigate the impact of SCC-CO2 while limiting the service life of risers and flowlines. Baker Hughes’ flexible pipe systems and advanced monitoring technologies have proven effective at minimising this impact and the company is a major supplier of flexible pipelines to Petrobras.

Image_of_SBM_FPSO_offshore_Brazil
Alexandre de Gusmao is SBM Offshore's ninth FPSO vessel in Brazilian waters. (Image source: Adobe Stock)

SBM Offshore's FPSO in action offshore Brazil

  • Region: Latin America
  • Topics: Well Intervention
  • Date: 17 Mar, 2025

sbmoffshorebrazilFirst oil from the Mero Field in the Santos Basin is expected in the second half of the year with the arrival of SBM Offshore's Alexandre de Gusmao floating production storage and offloading (FPSO) vessel.

This follows the recent arrival of FPSO Almirante Tamandare, which began production on 15 February, as a part of Petrobras fleet. 

Alexandre de Gusmao is SBM Offshore's ninth FPSO vessel in Brazilian waters. It boasts a production capacity of 180,000 barrels of oil per day and 12 million cubic meters of gas per day. 

SBM Offshore deals with FPSO vessels with production capacities ranging from 150,000 bpod to 250,000 bpod. It can convert oil tankers or very large crude carriers (VLCCs) into FPSOs. It has overall 15 units, deployed mainly in the Latin America region other than in West Africa. Its Fast4Ward offering focuses on risk mitigation and quality enhancement with the help of digital solutions. 

"This achievement is a testament to the hard work and dedication of our teams, who have worked tirelessly to bring this project to fruition. The addition of this vessel to our fleet marks a significant milestone in our operations and reinforces our commitment to excellence and innovation in the sector. Welcome to the fleet, FPSO Alexandre de Gusmao," said Bruno Giusti, Brazil Operations Director at SBM Offshore. 

Through inspection maintenance and repair, the company has covered services such as the designing, supply, installation, operation and life extension of the FPSO vessels. 

To know more about Latin America's offshore well intervention scene, click here. 

 

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