Category: E&P Market News

Ceará-Potiguar Special Report

ANP’s 2023 Exploration & Production RoundsRanking Brazilian Sedimentary Basins: It’s out there. Get ready using the BPS Geodatabase! In this special report, we will analyze the deepwater blocks situated within the Ceará and Potiguar Basins, both located in the Equatorial Margin. Figure 1 depicts a BPS Geodatabase map of the Brazilian

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Namibia: The Oil Systems in Walvis, Luderitz and Orange Basins

The hydrocarbon exploration history in the Namibian offshore Basins started in the late 1960s, culminating with the discovery, in 1973, of a dry gas by the Kudu 9A-1 well, in Barremian eolian sandstones (Kudu Field; Fig. 1). Up to 2012, 16 shallow-water exploration wells have been drilled offshore Namibia, including

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Namibia Oil and Gas Potential: A Sleeping Giant Is Waking Up

Since our last edition of the BPS newsletter, Crazy is as crazy does, Part 1, new information has started pouring in on Shell’s recent Graff-1 discovery, indicating that find is indeed a huge game changer for the West Africa petroleum industry (Fig. 1). Over the last two weeks, several articles were

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Shell makes promising discovery in Namibia

Reuters reported earlier this week that Shell has made a significant oil and gas discovery at a closely-watched offshore well in Namibia that could spark a wave of investment in the southern African country. According to the article, the oil major has identified at least two reservoirs containing what one

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Big Day for Brazilian E&P – 2nd Transfer of Rights Surplus Auction just wrapped up!

The 2nd Transfer of Rights Surplus auction just finished. Overall, it was an exciting day for Brazilian E&P, with the Sepia and Atapu fields, in the pre-salt Santos Basin, receiving a total of three bids (Sepia: Petrobras vs. TotalEnergies/Petronas/QP – Atapu: Petrobras/Shell/TotalEnergies).With the signing bonuses fixed at R$7.138 billion for Sepia and R$4.002 billion for Atapu,

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The global lab infrastructure you know. The local knowledge you need.

We are excited to announce that Stratum Reservoir and BPS have joined forces to launch of an entirely new concept in E&P services. It’s Optimum! Your new one-stop-shop for state-of-the-art E&P&E labratory and knowledge services. Introducing KaaS (Knowledge as a Service). Optimum offers integration of state-of-the-art E&P petrophysical & geochemical laboratory services with the most

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Giant oil finds in Guyana and Suriname suggest that the Deep-Water Equatorial Margin of Brazil could be the world’s next exploration frontier

Until recently, the deep-water areas along the Brazilian Equatorial Margin had been overlooked by the oil industry, but the recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area. These discoveries, which

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Record production in 2020

Petrobras informed the market on Thursday, 7, that it set an annual production record in 2020. According to the document released by the Brazilian oil major, it recorded a production of 2.28 million bpd of oil and 2.84 million boed. The previous records occurred in 2015, with 2.23 million bpd

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Brazil ends 2020 with 12 new onshore fields declared commercial

According to data from ANP, Brazil saw 12 declarations of commerciality for onshore fields in 2020. Five of the assets are located in the Recôncavo basin: Itaparica and Paramirim do Vencimento, which are operated by Newo Óleo e Gás; Vale do Quiricó (Energizzi Energias do Brasil); Araçás Leste (Guindastes Brasil

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