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Author Archives: Chris Cantu

Fourth pre-salt round has R$738 million in planned investments

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The 4th production sharing round in the pre-salt, held 7 June by ANP, raised R$ 3.15 billion in signing bonuses and R$ 738 million in planned investments on the exploration phase. The goodwill of the profit oil offered in the 4th round was 202.3%. The auction had three of the four offered areas acquired: Uirapuru, Dois Irmãos and Três Marias...

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Wood Mackenzie highlights Brazil’s fourth pre-salt auction

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On 7 June 2018, Brazil held its fourth pre-salt auction, just eight months after the highly competitive second and third pre-salt rounds. PSC Round 4 offered 4,232 km2 across four blocks in the heart of the pre-salt polygon with more than 14 billion bbl of unrisked in-place prospective resources. Three of the four areas were awarded, all of which with Petrobras as the operator, with bids from 11 of the 16 registered companies, setting a record for participation in a PSC auction...

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Operators, drilling contractors gather for IADC well control/CRM workshop

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As IADC prepares to launch its WellSharp Plus well control training accreditation program, the association invited stakeholders from across the industry to a workshop to discuss challenges and opportunities for evolving and improving the industry’s approach to well control training. The event was held at the Maersk Training facility in Houston on 18 May. DC Managing Editor Linda Hsieh spoke with several participants at the workshop – Jason Pittman, Principal Instructor, Drilling Simulator for Rowan Companies; David Lobdell, BP Competence Management Manager; and Paulo Bernardo Moritz, Simulation Training Specialist for Noble Corp – to get their thoughts on the importance of incorporating crew resource management (CRM) into its training, as well as the importance of investing in people and their development even in a difficult market. Watch the video for more information...

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