Offshore Activity

ANP GIVES GREEN LIGHT FOR DEVELOPMENT PLAN OF THE SAPINHOÁ SHARED RESERVOIR

April 23, 2017

The Board of the National Agency for Petroleum, Natural Gas and Biofuels (ANP) decided to approve, during a collegiate meeting, the Integrated Development Plan (PD) of the Sapinhoá Shared Reservoir.

In its decision, the agency has determined that Petrobras apply “the best practices of the oil industry in its operations” in the area. The block is operated by Petrobrás (45%), and has as partners Shell (30%) and Repsol-Sinopec (25%). The share of the Union in the shared deposit is 3.7%.

Sapinhoá is a major producer of oil and natural gas in the country.

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