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Campos Basin sees diversification of operators, renewed commitment for investments to boost production

Trident Energy, Perenco and PetroRio among E&P companies joining Petrobras to revitalize the basin’s aging assets, drill new wells By Stephen Forrester, Contributor A lack of investments into Brazil’s Campos Basin in the past decade-plus has led to a clear production decline even while the country’s overall production has increased. However, the basin is nowhere near being put out to pasture. In fact, several independent E&Ps in Brazil, along with Petrobras, appear to have strong plans to lead a full Campos revitalization. Some of that work has already been carried out, achieving early successes in attracting new investment and expanding the labor market, according to panelists speaking at December’s virtual Rio Oil and Gas Conference. In particular, the acquisition of fields ...

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