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Latin America
- Region: Latin America
- Topics: Well Intervention
- Date: July, 2024
A comprehensive session on plug and abandonment (P&A) regulatory update will be delivered by Rafael Augusto do Couto Albuquerque, Rigs and Wells Coordinator, ANP at the soon to happening Offshore Well Intervention Latin America (OWI LATAM), to be held from 18-19 October 2022, in the city of Rio, Brazil.
In this particular session, the region’s premier well intervention conference will provide attendees with in-depth knowledge on analysing the current offshore well decommissioning situation in Brazil to best position businesses and service providers for upcoming P&A work.
Rafael will also shed light on ways to understand the challenges faced by new operators within the Brazilian market to best prepare for future projects. Attendees are also given in-depth knowledge of new intervention technologies and ways to validate the equipment so that the operators and service providers have the opportunity to optimise their toolbox.
OWI LATAM is poised to be the platform for discussion on the region’s offshore well intervention topics. The event features experts from international and regional companies, alongside regulatory bodies and service providers.
To know more about the full programme, click here: https://www.offsnet.com/latam/conference-brochure
Or reach out to the details below:
Rachael Brand
Project Manager
T: +44 (0) 20 3409 3041
- Region: Brazil
- Date: Mar, 2024
Accelerating the company's growth in the Brazilian market, Archer has secured a two-year platform drilling and well intervention contract with Trident Energy do Brasil, amounting to US$20mn.
The contract also leaves scope for an extension by an additional one year upon mutual agreement. This new award supports Archer’s growth in the Brazilian market and underscores our commitment to high-quality, innovative solutions in the energy industry.
Wide range of well services
Under the contract, Archer will provide comprehensive platform drilling services, including well interventions for regulatory requirements, workover and drilling operations, well maintenance and drilling facilities engineering, to enhance Trident Energy’s offshore assets in Brazil. The platform drilling services are set to commence during second quarter this year, initially on the Pampo PP1 platform, which follows a period of rig reactivation and recertification managed through Archer’s Platform Operations group.
Dag Skindlo, CEO of Archer, said, “We are pleased to be chosen by Trident Energy as their partner for their drilling programme. We look forward to a successful collaboration with Trident Energy and are confident in our ability to contribute to the success of their offshore operations.
"This contract builds on our continued growth as we continue to strengthen our position in the growing energy market in Brazil. Our legacy in Brazil stretches back to 2010, when we commenced our work for Equinor on the Peregrino fields, followed by the successful establishment and growth of our well services division over the last few years. We are excited about the Brazilian market and how our core services offering can support the broad spectrum of client well programmes in Brazil.”
- Region: Latin America
- Date: June, 2024
Energy technology company Baker Hughes has announced a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre- and post-salt fields offshore Brazil.
The multi-year project is set to begin in H1 2025. Baker Hughes’ integrated solutions portfolio will aid with the deployment of wireline, coiled tubing, cementing, tubular running, wellbore intervention, fishing, and geosciences services across all of Petrobras’ offshore fields. The agreement also includes Baker Hughes’ remedial tool, completion fluids and production chemicals.
Maria Claudia Borras, Executive Vice President, Oilfield Services & Equipment at Baker Hughes, said, “Baker Hughes brings to this important project a comprehensive technology portfolio, a deep understanding of localisation, and a rich history of working in Brazil.
“Flawlessly integrating these capabilities will be essential to the success of the project. Our expertise in integrated solutions is the foundation for efficiently taking energy forward in Brazil.”
To support the project and help advance Latin America’s energy landscape, Baker Hughes will expand its Rio de Janeiro facilities to include coiled tubing and tubular running services to contribute to the growth of the Brazilian industry.
- Region: Latin America
- Date: Jan, 2024
In a recent update on the SPS-88 well from the Bauna Project site in Brazil, Karoon Energy said that it will install a lightweight intervention vessel (LWIV) to start an intervention process so that the impacted well can be brought back to production.
Production from the SPS-88 well was first affected in November 2023 due to the formation of hydrates owing to an equipment failure in the gaslift dehydration unit of the floating, production, storage and offloading (FPSO) platform. Of the 12 subsea wells from the area that are joined to the Altera&Ocyan-operated FPSO via flowlines, two Patola wells were bought online last year. While the company closely worked with the FPSO operator, and had the faulty equipment successfully replaced and topsides issues resolved to remove the hydrates by circulating fluids, a mechanical blockage in the gas lift valve still obstructs the well's production capacity.
The obstruction has led the company to decide upon undertaking a 20-day intervention process by LWIV that will cost it approximately US$5-10mn. Subjected to engaging a LWIV and ancillary services and equipment, the company noted on its latest statement that this work will be initiated on the fourth quarter of 2024.
As highlighted on its statement, the intervention work will reflect on Karoon's production costs as it will swing between the range of US$10.5-15.0 per boe for the year from the previous US$9.0-14.0 per boe. While the Bauna FPSO comes with a storage capacity of 631,000 boe, the intervention plans has also led it to lower its last year production goals to stand around 9.0mn boe.
- Region: All
- Date: Dec, 2023
Offshore Network’s latest Global Well Intervention Report delves into the highly-prosperous global market and analyses the growth of operators utilising well intervention practices as the focus across the industry is shifting towards end-of-life activities and reaching environmental targets.
Assessments issued by Rystad Energy suggest that 17% of the world’s wells will undergo intervention processes by 2027, accounting for 260,000 wells globally. Spending within this market has already seen a surge and is likely to amount to US$58bn by the end of 2023, representing a significant growth of 20% since 2022. Climate consciousness has played a predominant role aiding the growth as mounting pressure is building across the industry to limit environmental footprints, with global companies seeking to make intervention an integral pillar within their business strategies.
In November 2023, COP28 witnessed Saudi Arabia launch its landmark Oil and Gas Decarbonisation Charter (OGDC) wherein 50 companies who represent 40% of the global oil and gas market thus far have signed up to the global pact to speed up climate action initiatives and are committed to become net-zero by 2050. However, it is not just the call for fast environmental action that is driving the intervention market, but the global increase in energy demand is also playing a vital role. According to the International Energy Agency, annual oil demand is expected to grow from 285.7 mboe/d in 2021 to 351 mboe/d in 2045, with oil set to retain a 29% share in the energy mix.
Increasing production rates is still a major priority across the industry, and a factor that must be balanced with the growing need to minimise carbon footprints. Well intervention practices are proving a key avenue that companies across the globe are turning their heads to, from expediting resources from the more veteran regions like the North Sea and the Gulf of Mexico to introducing more of these practices to ‘newer’ regions such as the Middle East and West Africa.
- Region: All
- Date: Oct, 2023
Expro, a provider of energy services, has expanded its portfolio of cost-effective, technology-enabled services and solutions within the subsea well access sector by completing the acquisition of PRT Offshore.
Based in Houston, US, PRT Offshore is the only company to provide a complete Hook-to-Hanger solution which enables comprehensive well completions, interventions and decommissioning services from surface to subsea.
In completing the acquisition, Expro expands its portfolio within the subsea well access sector in the North and Latin America. On the other hand, it will help accelerate the growth of PRT Offshore’s surface equipment offering in Europe, sub-Saharan Africa and Asia Pacific.
Michael Jardon, Expro Chief Executive Officer, remarked, “This is an exciting day for both PRT Offshore and Expro as we strengthen and expand our subsea well access technology offering while continuing to deliver value to our customers across the life of their wells.
“Our subsea well access portfolio has a well-established global footprint, especially in the ESSA and APAC regions. We believe this will offer significant growth opportunities for PRT Offshore in these attractive markets. Simultaneously, Expro plans to leverage PRT Offshore’s strong position in deepwater offshore well completion and intervention across the NLA region to provide integrated solutions to our customers.”
PRT Offshore President, Patrick Place, added, “We are looking forward to embarking on this next phase of our journey with Expro. This agreement is an exciting development for PRT Offshore as we integrate our technology, solutions, and expertise with Expro’s market-leading subsea well access portfolio.
“We are excited to continue our best-in-class responsiveness and service quality, as well as leverage the resources of a more robust platform. Our employees, vital and valued, are at the forefront of this transaction, and we are committed to fostering their growth and success in this new chapter. Building on the foundation we have created, this acquisition will open new opportunities for growth, innovation, and success for our company, customers, and employees.”
- Region: All
- Date: Aug, 2023
Expro has announced it has entered into a definitive agreement to acquire the offshore services provider, PRT Offshore, in a bid to expand its portfolio of cost-effective technology services and solutions.
Upon closing of the transaction, which is expected in Q4 2023, Expro will enhance subsea services within the North and Latin America (NLA) region, and accelerate the growth of PRT Offshore’s surface equipment offering in Europe and sub-Saharan Africa (ESSA) and Asia Pacific (APAC) regions.
Based in Houston, Texas, PRT Offshore is the only company to provide a complete Hook-to-Hanger solution, enabling comprehensive well intervention and decommissioning services from the surface to subsea. The unique system allows customers to access the wellbore safely and efficiently while reducing on-board personnel.
Michael Jardon, Expro Chief Executive Officer, said, “Expro is committed to investing in innovation and technology to differentiate our services and solutions offering. This strategic acquisition is exciting for both Expro and PRT Offshore as we strengthen and expand our subsea well access technology offering and continue to deliver value to our customers across the life of their wells.
“Our subsea well access portfolio has a strong and established international presence, particularly across ESSA and APAC. We believe this will provide significant opportunities to expand PRT Offshore’s presence in these attractive regions. Similarly, Expro will leverage PRT Offshore’s strong position in deepwater offshore well completion and intervention throughout the NLA region to deliver integrated customer solutions.”
- Region: Latin America
- Topics: Integrity
- Date: June, 2023
Nauticus Robotics, a developer of autonomous robots using artificial intelligence for data collection and intervention services, has been awarded a contract by Petrobras to deploy its autonomous subsea robot, Aquanaut, to support the company’s offshore activities.
Aquanaut will be used in Petrobras’ deepwater production field using supervised autonomy for infield inspection services. The contract, one of the largest of its kind to date, consists of approximately two months of subsea inspection and expands Nauticus’ growing international presence to South America.
The fully-electric Aquanaut carries an array of multi-spectral perception sensors that allow the robot to detect, classify, inspect, and act upon subsea infrastructure using its pair of manipulators without direct operator control. This method provides significant cost and greenhouse gas emissions reductions over conventional methods.
Nicolaus Radford, CEO of Nauticus, commented, “A contract with another worldwide leading operator for Nauticus speaks to the state-of-the-art technologies of our autonomous robots as we further penetrate the global markets. The market opportunity for Nauticus in offshore Brazil is significant, as it is one of the world's most active offshore energy basins; we are pleased to enter this market through a world class operator.
“We competed through a rigorous tender process with many well-respected industry competitors to earn this business with Petrobras and eagerly await the deployment of our assets to validate our capabilities. We continue to build our robust pipeline of opportunities, giving us confidence to execute on our mission and deliver long-term value to shareholders.”
- Region: Latin America
- Date: Jan, 2023
TechnipFMC, a global oil and gas company that provides complete project life cycle services for the energy industry, has been awarded a substantial master services agreement (MSA) for subsea services offshore Brazil.
The three-year contract, awarded by state-owned Petrobras, has an option to extend for a further two years. TechnipFMC will provide life-of-field services to support its installed base offshore Brazil.
The contract – worth between US$250mn-US$500mn as per TechnipFMC’s definition of a ‘substantial contract’ – covers installation, intervention, and maintenance of both equipment and tooling, as well as technical support for subsea umblicals, risers and flowlines.
The agreement succeeds a previous MSA and supports Petrobras’s increased volume of operations. Services will be supplied from TechnipFMC’s base in Macaé, Brazil.
Jonathan Landes, President, Subsea at TechnipFMC, commented, “This new MSA continues our enduring partnership with Petrobras. We are delighted to continue this relationship through this direct award. For 40 years, we have provided services from Macaé, demonstrating the strength of our commitment to delivering services using our in-country workforce.”
- Region: Latin America
- Date: Dec, 2022
Halliburton Company has completed the installation of the industry's first single trip, electro-hydraulic wet connect in deepwater for Petrobras in Brazil, marking a significant achievement in downhole electric completion technology.
The Halliburton Fuzion EH electro-hydraulic downhole wet-mate connector helps increase well recovery factors by maintaining integrity of Halliburton's SmartWell completion systems throughout the well's lifecycle. It helps further facilitate safer and simpler intervention operations and avoids potential formation damage because of workover operations.
Halliburton plans a future version of a dual trip system Fuzion-EH connector for qualification and implementation by Petrobras in 2023. This system will provide additional benefits in SmartWell system installations while maintaining the benefits of the single trip system.
Mark Dawson, Vice President of Halliburton Completion Technology, Halliburton, commented, “The Fuzion-EH connector is the first step in the fully electric intelligent completion journey and is a product of collaborative development with Petrobras and Shell. This achievement paves the way for us to give customers the autonomous capability to control and manage reservoirs across their wells and assets and deliver on our Future of Completions.”
Olivier Wambersie, General Manager Brazil Technology, Shell, added, “This significant well technology development marks the first single trip, multiple zones, open hole completion. It was a remarkable example of teamwork, partnership and technical collaboration between operators and Halliburton in the Brazilian ecosystem. This technology's first application was enabled using the ANP Levy.”
- Region: Latin America
- Topics: Decommissioning
- Date: Oct, 2022
Helix Energy Solutions Group has received a deepwater well decommissioning contract award by Shell Brasil Petroleo Ltd to perform P&A services on subsea wells located in the Bijupira and Salema fields in the Campos Basin.
Helix will provide the Q7000, a riser-based well intervention vessel; a 10K Intervention Riser System; and remotely operated vehicles to complete the project which is expected to take 12 months after starting in early in 2024.
The Q7000, equipped with an IMO-certified DP3 system and the Helix-designed IRS, can execute well intervention operations in water depths ranging from 85 m to 3,000 m. With its open deck plan and tri-axial configuration, the Q7000 is capable of a wide range of production enhancement operations including well clean-up and field development support. The vessel is equally optimised for well decommissioning, including suspension, tubing removal, tree recovery and sea floor clearance.
Scotty Sparks, Helix’s Executive Vice President and Chief Operating Officer, commented, “We are pleased that Helix has been awarded this major well decommissioning contract. This is another step forward in the execution of our strategic objectives which includes contributing to the energy transition by providing best-in-class and global leading decommissioning services. We look forward to continuing our relationship with Shell.”
- Region: Latin America
- Date: Oct, 2022
DOF Subsea has been awarded a three-year contract for two vessels with Esso Exploration & Production Guyana Limited to perform well intervention support; inspection, maintenance and support (IMR); and light subsea construction activities.
This will all be performed to support the growing subsea infrastructures in the Stabroek Block offshore Guyana.
Two Multipurpose Support Construction Vessels with 250-ton AHC crane and two work class ROV systems will be deployed in the country for three-year terms. There is also a possibility they will remain in the region for an additional two years after this time.
The first vessel will mobilise in late October while the second vessel is planned to commence in January 2023.
Mons S Aase, CEO, DOF Subsea commented, “I am extremely happy with this contract award from ExxonMobil Guyana, and entering the important and flourishing Guyanese market. The award further underlines DOF’s leading position in the IMR segment.”
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