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PPSA director urges fast action to make pre-salt competitive on world stage

PPSA

As the PPSA looks to the future of pre-salt projects in Brazil, the group realizes that the long-term challenge is not simply to make pre-salt economically feasible. The challenge is to make it competitive against other sources of energy – from shales in North America to deepwater in West Africa and even to renewables. “There was a ten-fold reduction in the cost of solar power in the last 10 years, and more reductions will still come. New technologies are coming, so we are competing against all of those things,” Edson Nakagawa, PPSA Operation Director, said at the 2016 IADC International Deepwater Drilling Conference in Rio de Janeiro on 15 March.

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Lorenzatto: Down market gives Petrobras opportunity to rethink its business

MG_1490tn

Cost reductions and investment pullbacks have become par for the course in the current low-price environment. For Petrobras, this has meant having to adjust its portfolio in order to “do more with less,” Rudimar Lorenzatto, E&P Executive Manager, said at the 2016 IADC International Deepwater Drilling Conference on 15 March in Rio de Janeiro.

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BSEE, NASA announce agreement to examine risk offshore

BSEENASA

The Bureau of Safety and Environmental Enforcement (BSEE) and The National Aeronautics and Space Administration (NASA) have announced a five-year agreement allowing BSEE to capitalize on the best risk management approaches from the aeronautics industry to inform stakeholders and further strengthen worker and environmental safety protections on the Outer Continental Shelf.

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Kosmos Energy announces successful appraisal of gas discovery offshore Mauritania and Senegal

Offshore default

Located in Mauritanian waters, approximately 5 km northwest, and 200 m downdip of the basin-opening Tortue-1 discovery well in approximately 2,800 m of water, Ahmeyim-2 was drilled to a total depth of 5,200 m. As anticipated, in the Lower Cenomanian and Albian, Ahmeyim-2 penetrated the seismic-inferred gas-water contacts, defining the field limit and extending the productive field area from approximately 50 sq km to 90 sq km. Furthermore, the well confirmed significant thickening of the gross reservoir sequences down structure and importantly, within the Lower Cenomanian, static fluid pressure communication between the Tortue-1, Guembeul-1 and Ahmeyim-2 wells.

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