Italian EPC giant Saipem has been awarded two offshore contracts worth $900 million, the company announced on Friday. The first contract has been awarded by TotalEnergies, for the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field in the Santos Basin offshore Brazil. The scope of work encompasses the Engineering, Procurement, Construction, and Installation […]
Brazil
Posted inExploration & Production
QatarEnergy wins offshore exploration block in Brazil
QatarEnergy, in a consortium with oil giants TotalEnergies and Petronas, have been awarded an offshore exploration block during the first cycle of Brazil’s open acreage under a production sharing regime bid held in Rio de Janeiro. Under the terms of the agreements, QatarEnergy will hold a 20% working interest, alongside the operator Petrobras (30%), TotalEnergies […]
Posted inNews
QatarEnergy, TotalEnergies, Petronas, Petrobras awarded Brazilian oil field contract
The field is located is located around 2 kilometres off the coast of Rio de Janeiro and is a multi-billion barrel, pre-salt oil field
A consortium of oil firms was awarded the Sepia Surplus Production Sharing Contract (PSC) by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) on Friday, according to a statement. According to the statement, QatarEnergy will hold a 21 percent interest in the PSC, with Petrobras holding 30 percent, TotalEnergies holding 28 percent, and […]