Downhole Products Receives Queen's Award for Enterprise

Downhole Products Receives Queen's Award for Enterprise

Bill Barron of Aberdeen-based Downhole Products visited Buckingham Palace recently to attend the Queen’s Award for Enterprise event. The company won the award in the International Trade Category, which recognises companies for outstanding achievement in international trade. Full text

Petrobras with more than 2 million barrels per day production record

2007.12.28 - Industry

This Wednesday (12/26), Petrobras announced it has set another daily oil-production record in Brazil: 2,000,238 barrels, a mark only eight companies in the world have reached. The result was celebrated in a ceremony attended by president José Sergio Gabrielli de Azevedo, Exploration & Production director Guilherme Estrella, Service director Renato Duque, and International director, Nestor Cerveró, in addition to executive managers José Antônio de Figueiredo (E&P/South-Southeast), and Solange da Silva Guedes (E&P/North-Northeast), among others.

“The daily production record, at upwards of 2 million barrels of oil per day, is an absolutely extraordinary feat. This mark puts Petrobras among the world’s biggest companies. We have now surpassed the self-sufficiency level that is fundamental to Brazil. The P-54 going online is a synthesis of all of the work team’s efforts, as they have always worked with a lot of dedication and love for the company,” said director Guilherme Estrella.

During the visit made to the P-54 plant yesterday (12/25), Estrella, together with the executive managers, uncovered the plate that celebrated the record and opened the Roncador 63 well, lifting its first oil.

To achieve this mark, in 2007 alone six new platforms went online and, at peak production, they will add 590,000 barrels to the installed capacity (maximum lifting capacity the units were designed for) in Brazilian fields. The previous record had been set on October 23 2006, at 1,912,000 barrels.

Platform P-54, which kicked production off on December 11 in the Roncador field, in the Campos Basin (RJ), was the latest of the six units to go online this year. At top production, foreseen for the second half of 2008, it will add 180,000 barrels per day (bpd) to domestic production.

Last November, the company had already started operating two other large production units: P-52, also in the Roncador field and with the same total production capacity as the P-54; and FPSO Cidade de Vitória, installed in November in the Golfinho field, Espírito Santo Basin, capable of lifting 100,000 bpd.

In addition to these three units, the FPSO Cidade do Rio de Janeiro went online in January, capable of lifting 100,000 bpd in the Espadarte field, in the Campos Basin; the Manati platform, in the field of the same name, in Bahia, capable of producing up to 6,000,000 cubic meters of gas per day; and, in October, the Piranema platform, with capacity to lift 30,000 bpd of light oil, off the Sergipe coast.

Onshore production revitalization

Although more than 80% of the oil Petrobras produces in Brazil comes from offshore fields, onshore production has an important role too. The average onshore field production has hovered over 230,000 barrels per day, a volume that has been being maintained in the past few years thanks to the new technologies the company has been developing to increase mature field useful lives. Furthermore, the company is foreseeing considerable onshore production growth in the upcoming years.

Four new platforms

The pace at which new oil production systems are going online in the company’s portfolio will continue intense in 2008. Three new oil platforms and one gas platform are scheduled for deployment: the P-51, in the Marlim Sul field, capable of lifting 180,000 bpd; the P-53, in Marlim Leste, also designed to lift 180,000 bpd, and FPSO Cidade de Niterói, in the Marlim Leste field (Campos Basin), at 100,000 bpd. And, finally, there is also the FPSO Cidade de São Mateus, which will lift gas from the Camarupim field (Espírito Santo Basin) and was designed to produce 10,000,000 m3 per day. It must also be emphasized that the P-51 is the first platform built entirely in Brazil.




See also:

Deepwater expenditure to reach nearly $25 billion annually by 2012

A new study published today by analysts Douglas-Westwood The World Deepwater Market Report 2008-2012 forecasts that nearly $25 billion will be spent annually in deepwater capital expenditure by 2012. Speaking at the Deep Offshore Technology International Conference 2007, Stavanger, today, John Westwood, Douglas-Westwood MD commented that “the deepwater oil & gas industry is set for continued growth through to 2012, with over 30% growth forecast for the 2008-2012 period when compared with the previous five years.

Taking a long view in the far north

The Arctic will become increasingly important, not least because of oil and gas, believes Norwegian foreign minister Johan Gahr Støre. But Norway will not be planting a flag at the North Pole.

BP Restructuring to Secure Long Term North Sea Future

BP is today announcing proposed plans for important changes to its North Sea organisation, headquartered in Aberdeen, designed to secure a long-term future for the company's oil and gas business in the UK.

GE Energy Completes Acquisition Of Sondex, A Global Oilfield Technology Company

GE Energy announced today it has completed the acquisition of Sondex plc to further expand its capability and expertise in oil & gas drilling and wireline technology.

ODIM STRATEGIC ACQUISITION FOR DEEPWATER BUSINESS

ODIM ASA has reached agreement today on acquiring ABAS Crane of Aukra and Aker Brattvaag Winch in Søvik for a total of NOK 80 million. These two companies deliver such products as special cranes, lifting systems and specialised electrical winches for ships and offshore installations