Weekly Market Update - WSB One - Week 11

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west capricorn

This week, the West Capricorn drilling rig and PRIO’s newest acquisition arrived in Brazilian waters, being now safely anchored at TPAR in Angra dos Reis. The semi-submersible unit completed the 2-week voyage from Trinidad & Tobago with the assistance of the heavy-lifter vessel Seaway Hawk. WSB is pleased to have participated in this process from its very early stages providing technical and commercial support to ensure all operations ran as smoothly as possible.

karoon

Karoon’s control well Neon-2 reached a final depth of 2.357 meters Measured Depth (MD) on March 7th, 2023. The primary objectives of Neon-2 were to determine the quality and continuity of the Palaeocene units and to determine Palaeocene pressure connectivity with the Echidna-1 and Neon-1 wells drilled earlier this year. Preliminary analysis of the logging-while-drilling and wireline log data available at Neon-2 has confirmed that, same as Neon-1, the Palaeocene sandstone primary target zones are present and oil bearing at this location. The forward plan is to complete the wireline logging program then plug and abandon Neon-2. Karoon will then release the semi-submersible drilling rig Maersk Developer which is expected to head for another drilling campaign, this time with Shell Brazil.

UMS RFI

Petrobras issued to the market a Request for Information (RFI) to check the availability of small accommodation vessels. According to the technical specification sheet provided along with supporting documents, Petrobras seeks a vessel with 80 POB capacity, 200m2 of free deck area, DP2, active heave compensated gangway and helideck. Deadline to confirm interest and submit responses is March 24th

buzios 5 SURF about to start

Saipem will start in March the Subsea, Umbilicals, Risers and Flowlines (SURF) campaign in Búzios 5 for Petrobras. The vessel Saipem FDS will be responsible for all the activities. The project will go on for 5 months and moving in the direction of FPSO Almirante Barroso, owned by Modec. The scope of work involves the launching of rigid lines for 10 wells and over 16 km of flowlines. FPSO Almirante Barroso is being commissioned to produce more than 150.000 barrels of oil per day.

WSB Advisors is a leading advisory group with central offices in Rio de Janeiro, Houston and Paris. WSB is a Westhon Company. © WSB.One all rights reserved. 2022. Phone: +55 21 3545-0350 | E-mail: comercial@wsb-advisors.com | Address: Av. Rio Branco, 12, 19º andar - Centro, Rio de Janeiro WEEKLY
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NEWS WEEK 11 2023
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