April 3, 2018 Felipe Maciel The government plans to hold an extraordinary meeting of the National Energy Policy Council (CNPE) in April to approve the 5th round of pre-salt areas, which will have the SM-645 and SM-534 exploratory blocks removed from the 15th round of the ANP, and the Saturn area, all in the Santos... Continue Reading →
Pre-salt production hits new record
The pre-salt production in February totaled 1.763 mm boe /d , an increase of 2.3% over the previous month, and corresponded to 53.3% of the total produced in Brazil. 1,408 million barrels of oil per day and 56 million cubic meters of natural gas per day were produced through 83 wells. Total output in... Continue Reading →
Sale of Tartaruga Verde and Module III of Espadarte Fields:Opportunity Disclosure – Teaser
Rio de Janeiro, April 03, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (“Teaser”) related to the assignment of 50% of its non-operated working interest in Tartaruga Verde field (BM-C-36 Concession) and Module III of Espadarte field, both deep water offshore exploration and production assets located in... Continue Reading →
One more change in REPETRO
Restriction on the use in the transitional stage Regulatory Instruction RFB 1,802 / 2018 published on 03/28/2018, which brought new amendments to Normative Instruction 1,415 / 2013, in order to restrict the scope of application of the "old REPETRO" to new imports during the transition period established for the year 2018. Annex I of IN... Continue Reading →
Petrobras – Result of the 15th Round of ANP Bidding
Rio de Janeiro, March 29, 2018 - Petróleo Brasileiro S.A. – Petrobras reports that it has acquired 7 offshore blocks in the 15th Round of Bids under the Concession Regime, held today by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The company is advancing its partnership strategy and will be the operator... Continue Reading →
Petrobras – Clarification on oil refining partnerships
Rio de Janeiro, April 2, 2018 - Petróleo Brasileiro S.A. - Petrobras clarifies, in relation to the news published by the Brazilian newspaper “Folha de São Paulo”, on March 31, 2018, entitled “Petrobras avalia venda de 25% do refino” (Petrobras evaluates the sale of 25% of refining), that there is no decision on the model... Continue Reading →
QGEP: Atlanta field ready to start producing
Brazilian oil company QGEP has informed that first oil from its Atlanta field offshore is imminent, as the Petrojarl I FPSO has been connected to the field. “The activities of interconnecting the production and control lines between the wells and the FPSO have been completed at the Atlanta Field and the company confirms first oil for April, 2018,”... Continue Reading →
Shell, Statoil strengthen foothold in Brazil with four blocks each
European oil giants Statoil and Shell won four offshore blocks each in Brazil’s deep-water bid round held on Thursday. The round was historic in that it attracted the largest total signing bonus in Brazil’s history, R$8 billion – or 2.4 billion in U.S. dollars. Shell’s Brazilian subsidiary, Shell Brasil Petroleo, won four deep-water exploration blocks in the Campos... Continue Reading →
ANP’s oil and gas auction raises $ 8 billion in bonuses and hits new record
Last record in the concession rounds had been $ 3.8 billion. The National Petroleum, Natural Gas and Biofuels Agency ( ANP ) has so far raised R $ 8 billion in bonds with the auction of 22 oil and gas exploration blocks on Monday (29), and hit a new record in the rounds concessions (see below for... Continue Reading →
Exxon leads oil majors in aggressive offshore Brazil bids
Exxon Mobil Corp roared into Brazil’s prolific offshore oil fields again on Thursday, clinching eight blocks in partnership with other oil firms eager to lap up the country’s choice reserves ahead of presidential elections later this year. Exxon along with Petrobras and Qatar Petroleum Intl shelled out 2.8 billion reais ($844 million) for a block... Continue Reading →
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