Shell agreed to transfer 20% of the Orca offshore Brazil project to KUFPEC while keeping operatorship. Post-close shares are set at Shell 50% and Ecopetrol 30%, with completion targeted for late 2026.
Petrobras starts production from the P-78 FPSO at Búzios, designed for 180,000 barrels/day and 7.2 million m³/day of gas.
Petrobras will bring the P-78 FPSO online at the Buzios field in December, adding 180,000 barrels per day of capacity as the company continues deepwater expansion ahead of schedule and within its budget.
Petrobras and Equinor won key offshore oil blocks in Brazil’s latest pre-salt auction, reinforcing their strong presence in the country’s deepwater sector.
MODEC and Equinor celebrate First Oil from the FPSO Bacalhau in Brazil’s Santos Basin, marking a major step in pre-salt development.
