1. Vast Infraestrutura signs crude oil transshipment agreement with ExxonMobil at T-Oil terminal
Vast Infraestrutura signed a commercial agreement with ExxonMobil Brazil for crude oil transshipment operations at the T-Oil terminal, located at Porto do Açu (RJ). With the new contract, ExxonMobil becomes the twelfth active client at the terminal, reinforcing Vast’s role as a key export hub for offshore crude in Brazil.
According to the company, the agreement is aligned with ExxonMobil’s first production developments in Brazilian offshore acreage and expands the terminal’s portfolio amid rising export flows from deepwater and pre-salt fields.
2. Shell agrees to sell 20% stake in Orca Project to KUFPEC
Shell reached an agreement to sell a 20% participating interest in the Orca Project to Kuwait Foreign Petroleum Exploration Company (KUFPEC). The project is located in deepwater pre-salt areas of the Santos Basin.
Following the transaction, Shell will remain operator with a 50% stake. Financial terms were not disclosed. Completion is subject to regulatory approvals, with closing expected by the end of 2026.
3. Valaris Limited drillship DS-17 arrives in Brazil for Equinor’s Raia exploration campaign
Valaris’ drillship DS-17 arrived in Rio de Janeiro to commence a new offshore drilling contract with Equinor in Brazil. The unit will drill six wells as part of the exploratory program of the Raia field, located in Campos Basin.
The contract was awarded after Raia’s declaration of commerciality in 2023 and is expected to run for approximately 852 days, with an estimated total contract value of around US$498 million. Raia is one of Brazil’s largest natural gas projects under development, with production planned to start in 2028.
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