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Good Winds Blow for the Drilling Sector in 2019

Written by Paulo Nogueira

Published on 23/07/2018 at 01:05

Updated on 23/07/2018 at 06:31

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Favorable 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 favorable winds blow for the Drilling Sector that aims 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 began (up to 23 wells) for at least four companies in the oil sector (drilling). They are: Petrobras, PetroRio, Equinor, and Shell. With this news, 2019 expects a recovery in the sector generating new jobs.

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ARTICLE CONTINUES BELOW

The Numbers

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

The Companies.

The auctions for licensing that occurred in 2017 were mostly for exploratory wells. Only PetroRio’s campaign, which secured five wells (Foz do Amazonas) in areas won in the 11th round, held in 2013.

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The Auctions.

The government has already sold the concession for 44 offshore exploration blocks since the resumption of auctions in Brazil. After ending the exclusivity of operations by the state-owned company Petrobras in the pre-salt area, a reflection of Senator José Serra’s project, nine of the 44 blocks were under a production-sharing regime. Another 35 blocks were acquired by oil companies with concession areas (during rounds 14 and 15). Still far from the environmental licensing to begin exploration of wells, due to needing to acquire seismic data (aiming to expand knowledge of the area), the Sergipe-Alagoas, Potiguar, and Ceará basins have already been auctioned in the concession rounds. In the Campos and Santos basins, oil companies are advancing their licensing due to already having recent seismic data availability and geological knowledge in more than sufficient amounts.

In this way, we can truly say that favorable winds blow for the Drilling Sector in 2019, and we hope that a wave of jobs emerges starting next year.

Also Read: Urgent! Brasfels Shipyard Has Just Signed New Works with MODEC

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Good Winds Blow for the Drilling Sector in 2019

Favorable Winds Blow for the Drilling Sector in 2019, and at Least Four Oil Companies Plan to Work on Up to 23 Wells Next Year.

The Numbers

The Companies.

The Auctions.

Also Read: Urgent! Brasfels Shipyard Has Just Signed New Works with MODEC

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Good Winds Blow for the Drilling Sector in 2019

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The Numbers

The Companies.

The Auctions.

Also Read: Urgent! Brasfels Shipyard Has Just Signed New Works with MODEC

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