2018 Offshore Technology Yearbook

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KEY PLAYERS | 2018 OFFSHORE TECHNOLOGY YEARBOOK | December 2017 | 19 marily in strategic partnerships. The company has also sought to reduce costs and maximize the pro- ductivity of their portfolio. Another of the com- pany's goals is to strengthen the management of reservoirs through new opportunities for incorpo- rating reserves. In 2017, Petrobras began oil and natural gas pro- duction in the Lula South area, in the presalt from the Santos Basin, through the P-66 ship platform, the seventh unit of the Lula Field. In December 2016, Petrobras reached 1 Bbbl of production from the presalt and 1.6MMbbl/d from ultradeep water. Ten new production systems are expected to come online in coming years. Petrobras and Statoil are continuing to cooper- ate on optimizing recovery from deepwater mature fields, focused primarily on post-salt Campos Basin offshore Brazil. In August, Petrobras announced the discovery in the presalt layer of the Campos Basin in the Marlim Sul area, indicating that new discoveries can be made in mature basins. Petro- bras was awarded seven blocks, six of which are offshore in the Campos Basin, by Brazil's National Petroleum Agency. Petrobras will operate the off- shore blocks with a 50% interest, and Exxon Mobil will hold 50%. PETRONAS • Ranked No. 184 on Fortune's Global 500 list • Active upstream presence in more than 23 countries Petroliam Nasional Berhad (PETRONAS) is Malaysia's state-owned oil and gas company, participating in upstream ventures in more than 23 countries. PETRONAS has a presence in 216 producing fields with 381 offshore platforms and 21 floating facilities. The company has an LNG production capacity of 34.7 million tonnes per annum and has delivered more than 10,000 LNG cargos over three decades. PETRONAS promotes the sus- tainable development of the Malaysia's petroleum resources through 96 active petroleum arrangement contracts. First-half 2017 revenue was RM108.1 billion (US$25.5 bil- lion), 15% higher than first-half 2016 revenue of RM93.7 billion (US$22.1 billion), according to second-quarter results. Total pro- duction volume in first-half 2017 was 2.3 MMboe/d. PETRONAS commissioned the world's first coal bed methane-to- LNG projects in Gladstone Aus- tralia, Train 9 at the PETRONAS LNG Complex in Bintulu, Malay- sia, and the PETRONAS Floating LNG Satu (PFLNG Satu). PFLNG Satu, a floating LNG facility, successfully loaded its first cargo at the Kanowit gas field offshore Sarawak, Malaysia, in April 2017. The company expects Petrobras recently celebrated 60 years of activities in Espírito Santo. (Photo by Gabriel Lordêllo, courtesy of Petrobras)

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