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October 31, 2019 ANP projection considers round zero contracts that have been extended for up to 27 years To revive the mature fields of the twelve contracts of round of the zero concession extended by the ANP will require investments of US $ 29 billion over 27 years. The projection was made by Marcelo Castilho,... Continue Reading →
Brazil’s Petrobras aspires to reduce the amount of time from oil discovery to first production at its deepwater fields by almost 50% by 2029, while exploring ways to skip the exploratory drilling phased, an executive said on Wednesday. Petroleo Brasileiro SA (PETR4.SA), as the firm is formally known, wants to cut the period of time... Continue Reading →
Oct 31, 2019 Brazilian oil company Petrobras has reportedly managed to sell the ultra-deepwater drillship Vitoria 10000 after its first auction received no bids. According to the Norwegian rig broker Bassoe Offshore, the drillship was sold earlier this week for around $15 million. “The second auction for the Petrobras-owned drillship, Vitoria 10000, the highest bid... Continue Reading →
October 31, 2019 Petróleo Brasileiro S.A. – Petrobras in addition to the press release issued on October 23, 2019, reports that the signing of the Amendment to the Transfer of Rights Agreement was postponed for tomorrow, November 1, 2019. The new signing date was approved by the company's Board of Directors, as it complies with... Continue Reading →
As global oil firms make ever-bigger bets on Brazil’s massive deepwater fields in its ‘subsalt’ area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country’s crude. The proliferation of niche players, ranging from private equity firms to domestic and international... Continue Reading →
Oct 30, 2019 The oil produced in the pre-salt is increasingly supplying the foreign market and also the cash of Açu Petróleo, owner of the only private oil logistics infrastructure, the T-Oil terminal of Porto do Açu Port. The company's client list includes large oil companies operating in the region. The top three are Petrobras,... Continue Reading →
October 30, 2019 The new oil auctions to be held by the National Petroleum, Natural Gas and Biofuels Agency (ANP) should generate demand for the installation of 50 to 60 new offshore platforms. The information was highlighted by the director general of the agency, Décio Oddone, during breakfast at OTC Brasil 2019. “All of this... Continue Reading →
Repsol Sinopec Brasil considers the terms of the country’s huge “transfer-of-rights” oil auction next week unattractive, which is a main reason it is not among the 14 firms registered for a chance to bid, the firm’s top Brazil executive said on Tuesday. Asked on the sidelines of Rio de Janeiro’s Offshore Technology Conference if the... Continue Reading →
BP Plc (BP.L) wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be supplied by gas from offshore oilfields here. Speaking at Rio’s Offshore Technology Conference on Tuesday, BP Regional... Continue Reading →
When executives arrive in Rio de Janeiro this week for Brazil’s biennial Offshore Technology Conference, they will find themselves in Latin America’s most promising market for Big Oil by far. That marks a dramatic change from only a year ago. In early October 2018, Brazil’s current president, Jair Bolsonaro, was in a tight electoral race... Continue Reading →
