( PR4US.com | Press Release | 2017-12-19 09:09:10 )
19 December 2018 (RIO DE JANEIRO). Brazil is back in the game, and the marching order is to face the giant challenge of low breakeven costs. Brazil’s priorities will be to start production from the existing discoveries and increase production from established wells.
With the success of Brazil's pre-salt giant Libra oil field producing first oil whilst spearheading an ambitious license round schedule comprising of up to 10 bid rounds within the next 3 years and permanent offer in a total of 846 exploration blocks in 13 different sedimentary basins, new technology is critical to maintaining growth. And the secret to Brazil’s deepwater success is subsea multiphase boosting innovation.
"According to our research, subsea processing and separation are very attractive for many folks, after all subsea systems were born in Brazil. If one looks at all the fields, all the wells will produce less, yet recovery can be increased through subsea works. The pre-salt resources in Brazil and offshore around the Golden Triangle require these services in abundance. Petrobras itself forecast $1.5 billion dollars of demand for subsea trees,” says Mr Rex Sayson, Research Director at the Center for Energy Sustainability and Economics.
"What we hear is that recovery rates now are at about 30 per cent. Increasing this to 45-50 per cent would be a huge opportunity. Pumping and power are the key areas to make this happen. Linking subsea wells has been shown to make pressure management easier.” It is important for solution providers to differentiate their technology, because in this game, only the most innovative and relevant will survive.
The Subsea Multiphase Boosting 2018 Brazil Conference (April 12-13, 2018, Windsor Barra Hotel & Congressos, Rio de Janeiro) is very timely to help flow assurance and production experts address this challenge, with the latest state-of-the-art technologies and lessons learned for boosting production whilst reducing intervention turnaround time and extraction cost as subsea development water depths and step-out lengths increase.
"As oil approaches $65 a barrel, the global subsea pumps and multiphase market will grow 11.3% culminating to $1.7 billion in 2020. Brazil, West Africa, and Mozambique regions will drive the momentum from increasing utilization of subsea boosting for oil production," says Mr Sayson. “There’s only room for a few players, and the most relevant and fit will dominate the Brazil deepwater market.”
"Increasing business development will drive growth across the sector. The Brazilian opportunity for everyone is very real - the resource is there, and it can be developed. But nothing is guaranteed, which is why it is important for everyone who is serious about staying in the oil and gas business to stay alert to operators’ developing needs offshore Brazil and offshore South America.”
Event Title: Subsea Multiphase Boosting 2018 Brazil Conference
Theme: New innovations for high reliability and short turnaround intervention
Date: April 12-13, 2018
Venue: Windsor Barra Hotel, Rio de Janeiro, Brazil
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Petrobras pushes for 45-50% recovery rate, and subsea multiphase boosting is a critical technology to support this growth. Attend SUBSEA MULTIPHASE BOOSTING 2018 (April 12-13, 2018, Rio de Janeiro, Brazil)—the only conference for flow assurance and production professionals in Brazil, West Africa, and Mozambique regions on using subsea multiphase boosting innovations to achieve readiness in an era of lower breakeven in E&P. Get your team ready or have your company promoted by visiting the Subsea Multiphase Boosting 2018 Brazil Conference website www.amgfirst.com/multiphase2018 for more info.
This conference is designed for these job titles:
•Subsea Engineering Manager
•VP Offshore Development
•Flow Assurance and EOR Engineers
•Multiphase Pumps and Metering Engineers & Petroleum Chemist
•Field Development Managers
•Project and Facilities Managers
This conference is designed for these companies:
•Subsea Boosting Companies
•Multiphase Technology Providers
•Regulators of Subsea and Deepwater Reserves
•Well Services, FPSO, Rig Leasing
To sponsor or bring groups to the conference, contact:
Frank Mercado, Head of Sponsorships
Arc Media Global LLC
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