Shell Oil Company Begins Offshore Drilling in Saturn Block, Santos Basin
Despite the not-so-favorable scenario for the oil and gas industry, Shell has been able to advance by drilling its first well in the Saturn block, in the Santos Basin.
Check Out Other News:
- Solar Coca-Cola has Job Openings for Maranhão, Bahia, and Mato Grosso; Applications Today (14) and Tomorrow (15)
- Petrobras Will Pay 472 Million Dollars to Partners in Lula, Atapu, and Sépia Fields in RJ
- Maintenance Electrician, Safety Engineer, Maintenance Technician, and More Are Needed for Positions in Minas Gerais, Piauí, and Bahia, on This Day 14
The drilling of the well in the area began in recent days, using the drillship Brava Star, from Constellation. The water depth, or drilling depth, was 2,069 meters.
-
Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.
-
Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
-
Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.
-
China discovers more than 200 new oil and gas fields in the last five years
The Saturn block was acquired by Shell in the 5th Sharing Round at the end of 2018. The company is the operator of the asset with a 50% stake, in partnership with Chevron, which holds the other 50% of the asset. Saturn was the area, along with Titan, with the highest signature bonus in the auction, valued at R$ 3.125 billion.
The ongoing global crisis caused by the coronavirus and the drop in oil prices are directly impacting the drilling of new oil and gas wells. In the United States, for example, the number of active oil rigs is the lowest in the country’s history over the past 80 years.

Be the first to react!