Petróleo Brasileiro, S.A. (Petrobras), awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120 million, includes service and repairs on over 300 exploration and 250 production tools, as well as retrofitting six subsea production trees each year.

Energy XXI announced that the first of a six-well recompletion program at the South Pass 89 field has been successful. The A15 well is currently flowing 18 mmcf/d and 300 barrels of condensate per day. At the Grand Isle 16 field, the company perforated a prospective natural gas zone in the J21 well, which instead tested mostly oil at a rate of approximately 1,200 boe/d.

Hercules Offshore has canceled the remainder of its contract with Great Gulfcan Energy with jackup Hercules 212, and the rig is hot stacked in West Cameron 38. The rig had been working in High Island 98-L and was originally scheduled to complete the work in mid-July, but financial issues with the operator led to the cancellation. Shipyard work on jackup Hercules 120 has not been completed, and now the rig is not expected to return to its contract with Chevron until late June. The rig, which is under contract through the end of 2011, was originally due to return to work May 25. Pisces Energy will now keep jackup Hercules 204 for an additional well in Ship Shoal 151. The operator now has the rig through end-July, after which it will go to Ship Shoal 112 for a 40-day well with Stone Energy. With the extension, the rig is now next available in the first half of September. Finally, inland barge Hercules 17 has secured a follow-up contract with Energy Partners, Ltd. for a 42-day well. Work will begin later this week after the current contract with Marlin Energy is completed. The new work keeps the rig busy to mid-July....