Equinor starts drilling major gas development in Brazil

Equinor has started the drilling phase for the Raia project in the pre salt of the Campos Basin, Brazil. This marks a key milestone for the partnership as the projects progresses towards planned start up in 2028.
The Valaris DS‑17 drillship started drilling operations, 24 March. The drilling campaign includes six wells in the Raia area, located around 200 kilometres offshore the coast of Brazil in water depths of around 2,900 metres.
The campaign supports the development of one of Brazil’s most significant natural gas projects, with recoverable reserves exceeding one billion barrels of oil equivalent.
Once in operation, the project will have the capacity to export up to 16 million cubic metres of natural gas per day, which could represent 15% of Brazil’s natural gas demand, significantly contributing to Equinor’s international equity production and long-term cashflow and the country’s energy security.

The Raia project is operated by Equinor (35%), in partnership with Repsol Sinopec Brasil (35%) and Petrobras (30%). Drilling activities build on the companies’ combined competence in deepwater operations, including previous experience on the Bacalhau field, where the DS‑17 also took part in the drilling campaign.
“Raia is Equinor’s largest project under execution and marks the deepest water depth operation in our portfolio. Together with our partners and suppliers, we are applying world-class technology and decades of offshore expertise. While drilling takes place, integration and commissioning activities on the FPSO are progressing well putting us on track towards a safe start of operations in 2028”, Says Geir Tungesvik, executive vice president, Projects, Drilling and Procurement,
Innovative development concept and specialised suppliers
Raia’s development concept is based on production through wells connected to a floating production, storage and offloading unit (FPSO), which will treat produced oil/condensate and gas. Natural gas will be transported through a 200‑kilometre pipeline from the FPSO to Cabiúnas, in the city of Macaé, Rio de Janeiro state.
More gas for Brazil with low emissions in production
The project is Equinor’s largest international investment to date, totaling around USD 9 billion. The FPSO is expected to be among the most carbon‑efficient globally, with average CO₂ emissions intensity of approximately 6 kg per barrel of oil equivalent. The Raia development is estimated to generate up to 50,000 direct and indirect jobs over its 30 year-life cycle.
Related News.
September 25, 2026
ISLAND OIL: Unveiling of the Sculpture “Cyprus’s Journey Through the Ages” in Protaras – A Tribute and Landmark to Cyprus’s Historical Memory and Cultural Heritage
In a modest ceremony marked by a moving atmosphere, the sculpture “Cyprus’s Journey Through the Ages”, created by acclaimed Cypriot sculptor…
September 25, 2026
World Maritime Day 2026 from Policy to Practice – powering Maritime Excellence
Global regulations will deliver safer, more resilient shipping when they are implemented worldwide. The international maritime community marks…
September 25, 2026
Diana Shipping announces Time Charter Contract for m/v DSI Polaris with Dai An Ocean Shipping
Diana Shipping , a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a…
September 25, 2026
Chief Economists Expect Global Economy to Stabilize, but Fiscal Constraints, Rising Living Costs and AI Investment Uncertainty Threaten Growth
The global economy is stabilizing, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year…
September 25, 2026
V. welcomes its new graduate cohort as programme expands across the group
Twelve graduates from nine nationalities join 11th year of V.’s expanded international management programme. V., the global ship manager and marine…
September 25, 2026
From Policy to Practice: Why Seafarers Are the Key to Maritime Excellence
The shipping industry is no stranger to regulation. Seafarers and ship operators work within a vast framework of international conventions, national…
September 25, 2026
Intermodal Report – Week 38 2026
Please find below the Intermodal market report for week 38 2026. Intermodal Report Week 38 2026 Market Insight By Nikos Tagoulis, Head of…
September 25, 2026
Allied – Weekly Market Review – Week 38
Please find below the Allied Weekly Report for Week 38 | 2026 ALLIED - Weekly Market Report- Week 38
September 25, 2026
Record year on the Northeast Passage but Arctic shipping remains very limited
In 2025, a record 103 transit voyages were made via the Northeast Passage. However, this is still equivalent to only around a day and a half of…
September 25, 2026
[xclusiv] S&P Report 21th September 2026
Please find below the [xclusiv] latest Weekly S&P Report [xclusiv] 2026_09_21 Market Commentary: VLCCs: Freight Boom Reprices the Fleet The VLCC…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























