bp has agreed terms for Shell to acquire stakes in the Tupinambá block offshore Brazil and the Conifer prospect in the deepwater US Gulf of Mexico, with bp remaining operator.
The Tupi asset in Brazil’s pre-salt Santos Basin has reached cumulative production of 4 billion boe, the first Petrobras asset to reach that volume in its 73-year history.
Baker Hughes has extended its Petrobras contract to expand integrated well construction work across Brazil’s pre-salt fields in the Santos Basin.
Seatrium says P-78 started producing on 31 December 2025, marking a full EPCC FPSO scope that includes at-sea commissioning, before Final Acceptance by Petrobras.
Petrobras starts production from the P-78 FPSO at Búzios, designed for 180,000 barrels/day and 7.2 million m³/day of gas.
FPSO P-79 has departed Geoje-Si for the Búzios field in the Santos Basin. Petrobras plans for the unit to arrive in February 2026 and begin production in August 2026, adding capacity to the field’s ongoing development.
MODEC and Equinor celebrate First Oil from the FPSO Bacalhau in Brazil’s Santos Basin, marking a major step in pre-salt development.
