Connection

popular articles

TotalEnergies targets production of 220,000 barrels/day in Suriname
Nigeria aims for a 140% increase with Seplat Energy
TAQA and EWEC commit to 1 GW open-cycle gas power plant in Al Dhafra
Adani Green Energy commissions 250 MW solar plant in Rajasthan
Supermajors Vie for Stake in Galp’s Massive Mopane Oil Discovery in Namibia

Pedunculo Discovered by TotalEnergies in Brazil

Pedunculo, discovered by TotalEnergies northwest of the Sepia oil field, is located 250 km from Rio de Janeiro.
  • [favorite_button]

Please share:

Pedunculo, discovered by TotalEnergies northwest of the Sepia oil field, is located 250 km from Rio de Janeiro.

An important potential

The Pedunculo discovery is located in a joint venture perimeter whose rights transfer contract belongs to Petrobras. TotalEnergies has a 19.2% production interest, QatarEnergy 14.4% and Petronas 14.4%. Petrobras operates the site and owns 51.9% of it for a daily production of 170,000 barrels of oil.

The well reaches a water depth of about 2200 meters. The net thickness of the oil column in the well stands out as one of the highest ever recorded in Brazil. Reservoir characterization and measurement of the extent of the discovery are underway.

A strategic partnership

David Mendelson, President of TotalEnergies Exploration & Production Americas, said:

“This is excellent news, just a few months after we concluded our entry into the world-class Sepia field in Brazil, where we are already benefiting from the production performance of the first FPSO. The confirmed resources from the Pedunculo well appear to exceed pre-drilling expectations and reinforce the future development potential of the area. Thanks to their exceptional productivity and the innovative technologies used for their development, these resources are fully in line with TotalEnergies’ low-cost, low-emission oil portfolio.”

In addition, the French company employs 3,000 people in its business segments covering exploration and production activities.

In 2021, the Company’s production in the country will average 49,000 barrels of oil equivalent per day. However, this number is expected to exceed 100,000 by 2022. In 2017, TotalEnergies and Petrobras formed a strategic alliance in exploration and production activities.

Register free of charge for uninterrupted access.

Publicite

Latest news

ExxonMobil tops upstream explorer ranking according to Wood Mackenzie
Israel Strikes Iranian Nuclear Facilities After Critical Uranium Enrichment Levels
Saft to equip 1 GWh site for Gurīn Energy in northern Japan
Petronas cuts 5,000 jobs and exposes contradictions in its African operations
Minesto boosts Dragon 12 tidal turbine performance by 25%

Recently published in

ExxonMobil tops upstream explorer ranking according to Wood Mackenzie

ExxonMobil has been named the most admired upstream exploration company in Wood Mackenzie’s latest annual survey, recognised for its performance in Guyana and its ability to open new resource frontiers.
Petronas cuts 5,000 jobs and exposes contradictions in its African operations
Petronas' workforce reduction reignites questions about internal trade-offs, as the group maintains its commitments in Asia while leaving uncertainty over its operations in Africa.
en_1140290957540
Petronas cuts 5,000 jobs and exposes contradictions in its African operations
Petronas' workforce reduction reignites questions about internal trade-offs, as the group maintains its commitments in Asia while leaving uncertainty over its operations in Africa.
en_1140290957540
Kremlin Warns of Global Impact from New Russian Oil Price Cap
The Kremlin condemns the European proposal to lower the price cap on Russian oil to $45 per barrel, asserting that this measure could disrupt global energy markets, as the G7 prepares for decisive discussions on the issue.
en_1140290987540
Kremlin Warns of Global Impact from New Russian Oil Price Cap
The Kremlin condemns the European proposal to lower the price cap on Russian oil to $45 per barrel, asserting that this measure could disrupt global energy markets, as the G7 prepares for decisive discussions on the issue.
en_1140290987540
Libya Hits 12-Year Oil Peak Despite Ongoing Political Instability
Libya's oil production reached a twelve-year high of 1.23 million barrels per day, even as persistent political tensions and violent clashes in Tripoli raise concerns about the sector's future stability.
en_1140290988540
Libya Hits 12-Year Oil Peak Despite Ongoing Political Instability
Libya's oil production reached a twelve-year high of 1.23 million barrels per day, even as persistent political tensions and violent clashes in Tripoli raise concerns about the sector's future stability.
en_1140290988540

Two powerful financial algorithms now dictate global oil prices

According to a study published by The Oxford Institute for Energy Studies, two competing financial algorithms, Risk-Parity and Crisis Alpha, significantly influence oil markets, weakening the traditional correlation with the sector's physical fundamentals.
DNO raises $400mn in hybrid bonds to refinance Sval Energi’s debt
Norwegian producer DNO ASA completed an oversubscribed $400mn hybrid bond private placement to support the integration of Sval Energi Group AS.
en_1140290943540-5
DNO raises $400mn in hybrid bonds to refinance Sval Energi’s debt
Norwegian producer DNO ASA completed an oversubscribed $400mn hybrid bond private placement to support the integration of Sval Energi Group AS.
en_1140290943540-5
Petrobras enters exclusive talks for nine offshore blocks in Côte d’Ivoire
The Brazilian oil group secured approval from Abidjan to begin negotiations for exploring nine deepwater blocks as part of its business partnerships strategy in Africa.
en_1140290946540
Petrobras enters exclusive talks for nine offshore blocks in Côte d’Ivoire
The Brazilian oil group secured approval from Abidjan to begin negotiations for exploring nine deepwater blocks as part of its business partnerships strategy in Africa.
en_1140290946540
Shell Shuts Unit After Fire at Its Ethylene Cracker in the U.S.
Shell suspends a unit at its Pennsylvania petrochemical complex following a fire on June 4, with ongoing environmental checks and an internal investigation to determine when the facility can resume operations.
en_1140290955540
Shell Shuts Unit After Fire at Its Ethylene Cracker in the U.S.
Shell suspends a unit at its Pennsylvania petrochemical complex following a fire on June 4, with ongoing environmental checks and an internal investigation to determine when the facility can resume operations.
en_1140290955540

Azerbaijan restarts oil exploration with ExxonMobil, BP and MOL

Baku signs multiple deals with major industry players to boost exploration as oil reserves decline and ACG production slows.
Vallourec completes acquisition of Thermotite do Brasil from Mattr
French group Vallourec announces the integration of Thermotite do Brasil, enhancing its industrial capabilities in Brazil for offshore pipeline coating services.
en_1140290960540
Vallourec completes acquisition of Thermotite do Brasil from Mattr
French group Vallourec announces the integration of Thermotite do Brasil, enhancing its industrial capabilities in Brazil for offshore pipeline coating services.
en_1140290960540
US crude oil inventories fall by 4.3 million barrels
Commercial crude reserves in the United States declined more than expected, following increased refinery activity according to EIA data published on June 4.
raffinerie-768x364
US crude oil inventories fall by 4.3 million barrels
Commercial crude reserves in the United States declined more than expected, following increased refinery activity according to EIA data published on June 4.
raffinerie-768x364
TotalEnergies strengthens its position in Brazil with additional 3% stake in Lapa field
TotalEnergies has signed an agreement with Shell to increase its stake in Brazil’s offshore Lapa field to 48%, while divesting its interest in Gato do Mato.
en_1140290989540
TotalEnergies strengthens its position in Brazil with additional 3% stake in Lapa field
TotalEnergies has signed an agreement with Shell to increase its stake in Brazil’s offshore Lapa field to 48%, while divesting its interest in Gato do Mato.
en_1140290989540

SBM Offshore sells its stake in FPSO Aseng to GEPetrol

SBM Offshore has signed a divestment agreement with GEPetrol to fully withdraw from the FPSO Aseng project in Equatorial Guinea, with an operational transition phase of up to one year.
Meren Energy seeks partners for offshore blocks in Equatorial Guinea
Meren Energy has launched a partial divestment process for its EG-18 and EG-31 assets to attract new partners and reduce its exposure in Equatorial Guinea.
en_1140290966540
Meren Energy seeks partners for offshore blocks in Equatorial Guinea
Meren Energy has launched a partial divestment process for its EG-18 and EG-31 assets to attract new partners and reduce its exposure in Equatorial Guinea.
en_1140290966540
PTAS Aker Solutions secures two-year offshore maintenance contract in Brunei
The oil services joint venture extends its contract with Brunei Shell Petroleum for maintenance and upgrade operations on offshore installations in the South China Sea.
en_1140290965540
PTAS Aker Solutions secures two-year offshore maintenance contract in Brunei
The oil services joint venture extends its contract with Brunei Shell Petroleum for maintenance and upgrade operations on offshore installations in the South China Sea.
en_1140290965540
Renaissance Africa Energy finalises takeover of SPDC’s onshore assets in Nigeria
Renaissance Africa Energy confirmed to the Nigerian government the operational takeover of Shell Petroleum Development Company’s onshore assets, stating it had surpassed the 200,000 barrels per day production mark.
en_1140290956540-4
Renaissance Africa Energy finalises takeover of SPDC’s onshore assets in Nigeria
Renaissance Africa Energy confirmed to the Nigerian government the operational takeover of Shell Petroleum Development Company’s onshore assets, stating it had surpassed the 200,000 barrels per day production mark.
en_1140290956540-4

Woodside initiates 65 millions USD arbitration procedure against Senegal

Australian company Woodside Energy has filed a complaint with ICSID against Senegal, challenging a CFA40bn tax reassessment related to the offshore Sangomar oil project.
Nigeria ties tax incentives to performance to revive upstream oil sector
Nigeria introduces a tax credit capped at 20% for oil operators meeting cost reduction targets, with a focus on gas and offshore projects.
en_1140290947540-2
Nigeria ties tax incentives to performance to revive upstream oil sector
Nigeria introduces a tax credit capped at 20% for oil operators meeting cost reduction targets, with a focus on gas and offshore projects.
en_1140290947540-2
Morocco funds expert mission to revive offshore exploration
Following the withdrawal of two British companies, Morocco launches a MAD2.5mn ($270,000) expert mission to boost the appeal of its offshore oil and gas sector.
en_1140290949540-2
Morocco funds expert mission to revive offshore exploration
Following the withdrawal of two British companies, Morocco launches a MAD2.5mn ($270,000) expert mission to boost the appeal of its offshore oil and gas sector.
en_1140290949540-2
International Petroleum repurchases 89,200 shares under its NCIB programme
International Petroleum Corporation repurchased 89,200 common shares between 26 and 30 May under its buyback programme compliant with Canadian and European regulations.
en_1140290968540-3-1-768x364
International Petroleum repurchases 89,200 shares under its NCIB programme
International Petroleum Corporation repurchased 89,200 common shares between 26 and 30 May under its buyback programme compliant with Canadian and European regulations.
en_1140290968540-3-1-768x364

Sweden enforces tighter controls on Russian ships in the Baltic Sea

The Swedish government will implement new disclosure rules for foreign vessels, specifically targeting tankers linked to Russia’s hard-to-trace oil fleet.
Petrobras signs two agreements in Angola to relaunch its offshore activities
Brazilian group Petrobras formalises its return to Angola with two memorandums of understanding signed with Sonangol and the national oil regulator, targeting offshore exploration without immediate financial commitment.
en_1140290956540-16
Petrobras signs two agreements in Angola to relaunch its offshore activities
Brazilian group Petrobras formalises its return to Angola with two memorandums of understanding signed with Sonangol and the national oil regulator, targeting offshore exploration without immediate financial commitment.
en_1140290956540-16
Agip secures rights over OPL 245 after key court ruling in Nigeria
The Abuja Court of Appeal rejected Malabu Oil & Gas’s lawsuit against Agip, Eni’s subsidiary, by upholding the statute of limitations on the OPL 245 oil block case.
en_1140290945540-16
Agip secures rights over OPL 245 after key court ruling in Nigeria
The Abuja Court of Appeal rejected Malabu Oil & Gas’s lawsuit against Agip, Eni’s subsidiary, by upholding the statute of limitations on the OPL 245 oil block case.
en_1140290945540-16
Galp targets 40% increase in oil production in Brazil
Portugal’s Galp expects a production surge in Brazil driven by the offshore Bacalhau field, in partnership with Sinopec, Equinor and ExxonMobil.
en_1140290954540-15
Galp targets 40% increase in oil production in Brazil
Portugal’s Galp expects a production surge in Brazil driven by the offshore Bacalhau field, in partnership with Sinopec, Equinor and ExxonMobil.
en_1140290954540-15

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS