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Contract between the two giants in the oil and gas sector intends to collect information on the Santos Basin
Petrobras and PXGEO are anticipating a 3D survey that is scheduled to be purchased in water depth of 2.300 meters in the Santos Basin, lasting approximately four months, according to the contract signed between Petrobras and PXGEO.
According to PXGEO Executive President, Peter Zickerman: “This will be our fourth project in the Santos Basin of oil and gas acquired for Petrobras, since mid-2021, demonstrating our continued commitment to providing safe and efficient OBN acquisition solutions in offshore waters. depths of the Santos Basin in Brazil”.
Petrobras and PXGEO will work together on the OBN works in the Santos Basin
Production in Sepia by Petrobras in the Santos Basin began in 2021 and forecasts a plateau of 180.000 barrels of oil per day with the first FPSO. Petrobras is expected to increase total oil production in the Santos Basin field to around 350.000 b/d.
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Petrobras is the operator of the shared Sepia oil and gas reservoir, with 55,3%; TotalEnergies, with 16,9%; Petronas Petróleo Brasil and QatarEnergy, with 12,7% each; and Petrogal, with 2,4%.
Petrobras announced at the end of October 2022 that it had made an oil discovery in a well located in the Sépia shared area. In December, the company started the contracting process for two floating production, production, storage and transfer (FPSO) units for the shared reservoirs of the fields of oil in deep waters of Atapu and Sepia and in the Santos Basin.
More on oil and gas: Unshakable leadership: SHELL is the world's most valuable oil and gas brand, positioned at the top of the list for the 9th consecutive year
The brand valuation consultancy Brand Finance released its Oil & Gas 50 2023 ranking, which ranks the 50 most valuable and strongest oil and gas brands in the world. According to the ranking, Shell was considered the most valuable oil and gas brand in the world for the ninth consecutive year.
According to Brand Finance, brand equity is understood as the net economic benefit that its owner would obtain by licensing it on the open market. Meanwhile, brand strength is represented by the effectiveness of its performance on intangible measures relative to its competitors.
Despite suffering a 3% reduction in brand value, Shell maintained its position as the world's most valuable oil and gas brand, valued at $48,2 billion. Meanwhile, Saudi Arabia's oil and gas giant Aramco narrowed the gap between itself and Shell with a brand value that rose by 4% to $45,2 billion. Check out this article in full by clicking here.
