Page 27: of Marine Technology Magazine (April 2012)

Global Offshore Deepwater Report

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www.seadiscovery.com Marine Technology Reporter 27eries offshore West Africa in recent years. Operated by Tullow Oil, the field commenced production in November 2010. Production was reported to be 70,000 barrel of oil per day in May 2011 and further development is planned to include integration with other discoveries. Other planned projects in Ghana include Tweneboa and Enyera. ? Nigeria ? As Africas largest oil producer, Nigeria already has an established deepwater oil and gas industry with major players includ- ing BP, Chevron, ConocoPhillips, ENI, ExxonMobil, Shell and Total. Production is underway from the Agbami, Akpo and Erha projects and development is underway at Usan. Planned projects include Bosi and Chota.Latin America Latin America is currently the sec- ond biggest deepwater region by total Capex after Africa. Continuingdevelopment of the pre-salt basins off Brazil by Petrobras should see this region overtake Africa in 2013. Notable developments in Brazil include Lula (Tupi), Lula Northeast, Guara (Sapinhoa) and Jupiter. Petrobras, the Brazilian NOC, is the largest energy company in Latin America and the third largest in the world. It has reserves estimated at 16 billion barrel of oil equivalent and production of 2 million boe/d. More than 40 deepwater prospects have been identified off Brazil since 2003 and Petrobras plan to deploy 50 FPSOs and semi-submersibiles by 2020. In November 2011, Subsea 7 confirmed a $500 million, five-year deal from Petrobras to supply a deep- water flexible pipelay vessel for devel- opments off Brazil. The new $350 million vessel is equipped to trans-

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