Good winds blow for the Drilling sector in 2019 and at least four oil companies plan to work on up to 23 wells next year.

Forecast of bOns winds blow to the Drilling sector which intends to shake up the oil and gas market in 2019. Since 2014 there has not been an optimistic forecast in the offshore exploratory drilling sector. In 2018, drilling campaigns were started (up to 23 wells) for at least four oil companies (drilling). They are: Petrobras, PetroRio, Equinor and Shell. With this news, the year 2019 foresees a resumption in the sector of new job generation.

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The numbers

Far from the days of the “fat cows” of 2011, in the Santos field, when 129 exploratory wells were drilled in the ocean, even so, we can say that in 2017 there was a timid recovery in the sector, thus registering eight wells drilled in the sea. We need to value all efforts and revitalize hopes and the certainty that the market will react positively.

The companies.

Licensing auctions held in 2017 were mostly for exploratory wells. Only the PetroRio campaign, which had five wells (Foz do Amazonas) in areas purchased in the 11th round, held in 2013.

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The Auctions.

The government has already sold the concession of 44 offshore exploration blocks since the resumption of auctions in Brazil. After ending the exclusivity of operation of the state-owned Petrobras in the pre-salt area, a reflection of Senator José Serra's project, nine of the 44 blocks were under the production sharing regime. Another 35 blocks were conquered by oil companies with concession areas (during rounds 14a and 15a). The Sergipe-Alagoas, Potiguar and Ceará basins have already been auctioned in the concession rounds, still far from environmental licensing to begin exploration of wells, as they need to acquire seismic data (aiming to expand knowledge of the area). In the Campos and Santos basins, however, oil companies anticipate their licensing due to the availability of recent seismic data and geological knowledge in more than enough quantity.

In this way, we can really say that good winds are blowing for the Drilling sector in 2019 and we hope that a real avalanche of jobs will emerge from next year.

 

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