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Chinese Trying to Buy Stakes of an OGX Play at the Santos Basin
China Petrochemical (Sinopec) and the Chinese national oil company (CNOOC) are holding separate negotiations with OGX Petroleo e Gás in order to acquire 20% of an OGX deepwater play at the Santos Basin. In general we can see a marked increase in Chinese involvement and investments in Brazil.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 8/27/2010 1:52:55 PM | with 0 comments


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New Players in the Brazilian O&G Market - Starfish Oil & Gas
Starfish Oil & Gas is not exactly a new player, since the company was founded in 1999. As the first private national O&G operator in Brazil and classified as a B class operator by ANP (National Petroleum Agency), Starfish has participation in a variety of onshore and offshore blocks in Brazil and in Angola.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 8/25/2010 12:41:40 PM | with 0 comments


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OGX Strikes Oil again at the Campos Basin and Discloses a Major Gas Discovery at the Onshore Parnaiba Basin.
OGX estimates that the total Parnaiba Basin natural gas potential at 15 trillion cubic feet. This discovery opens a new exploratory frontier in an onshore basin, the first in two decades. At the Campos Basin, OGX-18 well reports indication of hydrocarbons, adding to the excellent results of their ongoing exploratory campaign.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 8/17/2010 11:43:18 AM | with 0 comments


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Devon Energy´s New Discovery at the Campos Basin
Devon Energy has informed ANP (Brazil´s National Petroleum Agency), that it has discovered indications of hydrocarbons in block CM-471 at the Campos Basin. This block is operated by Devon in a 50%/50% partnership with Brazil´s national operator Petrobras.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 7/20/2010 7:27:03 AM | with 0 comments


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OGX Continues Positive Exploratory Campaign in Brazil
Since last year OGX Petróleo e Gás has been having excellent results in its exploratory campaign in the Campos Basin.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 6/30/2010 10:19:18 AM | with 0 comments


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New Discovery Confirms the Campos Basin Pre-Salt Potential
The recent discovery of hydrocarbon accumulations under the Albacora Leste field´s pre-salt layer confirms there potential of the Campos Basin to be a significant pre-salt producer.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 6/23/2010 5:05:28 PM | with 0 comments


Current Rating

New Pre-Salt Discovery at the Marlim Field
This new pre-salt discovery in the Campos Basin, highlights the potential for new discoveries in both the pre and post salt layers of this mature basin, which up to now has been the main O&G producer in Brazil and until recently was considered by many as not having much more to give in terms of new reservoirs.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 6/4/2010 3:33:22 PM | with 0 comments


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Pre-salt - Technological Challenges
Although not considered a major challenge by Petrobras, drilling two thousand meters below the water line, through about three thousand meters of sediments, and through two thousand meters of salt is done at the frontiers of technology.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 5/21/2010 12:29:55 PM | with 0 comments


Current Rating

OGX to Sell 20% of its Areas at the Campos Basin
The company will sell the areas in order to finance the development of the proven reserves it has discovered at the Campos Basin.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 5/18/2010 9:48:06 PM | with 0 comments


Current Rating

Sevan Driller – New One of a Kind Deepwater Driller in Brazil
The Sevan Driller is a one of a kind deepwater and harsh environment driller which has arrived in Brazil and is preparing to start operations for Petrobras in the Campos Basin.

Posted to Brazilian Subsea and Maritime News by Claudio Paschoa on 4/14/2010 8:07:47 AM | with 0 comments


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