Oil & Gas News

MODEC, Inc. announces that the FPSO Anita Garibaldi MV33 achieved First Oil production on August 16th, 2023. Deployed for production operations at the Marlim field in the Campos Basin off the coast of Brazil, the FPSO is leased on a 25-year time charter contract to Petróleo Brasileiro S.A. (“Petrobras”), the Brazilian giant oil company. This is one of the longest charters for MODEC to date.

TotalEnergies and INPEX have signed an agreement with PTTEP in order to acquire the 100% interest held by PTTEP in the AC-RL7 permit in Australia. Under the terms of the agreement, which is subject to approval by the relevant authorities, TotalEnergies will acquire a 26% interest in the permit in line with its equity in Ichthys LNG, while INPEX will acquire the remaining 74% and assume operatorship.

As required by the Inflation Reduction Act of 2022, the Bureau of Ocean Energy Management (BOEM) will publish the Final Notice of Sale (FNOS) and Record of Decision (ROD) for Gulf of Mexico Oil and Gas Lease Sale 261 in the Federal Register on August 25, 2023. BOEM plans to conduct the lease sale on September 27, 2023.

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