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The winning bids for the Transfer of Rights auction, blocks Sepia and Atapu, are as follows: SEPIA - Consortium formed by TotalEnergies (28%), Petronas (21%) and QP Brasil (21%), made an offer of 37.43% of surplus oil to the Union. The bid exceeded the proposal presented by Petrobras (100%), which alone offered 30.30% of excess... Continue Reading →
Enauta announces that it has approved the drilling of an additional well in the Early Production System (SPA) of the Atlanta Field. The new well, scheduled to start production in early 2023, will allow for a significant increase in production and will add a spare to the wells' pumping system. The estimated value of the... Continue Reading →
Production in the Transfer of Rights reached an average volume of 1.003 million barrels of oil equivalent per day in November. This was the first time that the fields in the area reached the level above 1 million barrels per day. With this volume, the Transfer of Rights reached a share of 27.05% of the... Continue Reading →
Strengthened by the recent bills approved by the government, the Permanent Offer of the National Petroleum Agency (ANP) will have its next auction on April 13, 2022, consequence of declaration of interest submitted by a company already registered in this auction modality. Thus, the 3rd Cycle of Permanent Offer begins, which will be carried out... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) is prepared to bid on Friday for new blocks in Brazil's deep-water oil fields, a focus area for its oil and gas production growth, people familiar with the matter said. Any bid would mark its first big investment since it decided to resume spending after a historic, $22.4 billion annual loss... Continue Reading →
Ibama gave the green light for TGS to proceed with the 2D seismic acquisition in the Campos Basin. The campaign, scheduled for 2022, but still without a start date, will cover 23,000 km of 2D lines. This is a multi-client project. Given the proximity, TGS will use the port of Rio de Janeiro as its... Continue Reading →
Drilling costs for the Kawa-1 exploration well, located offshore Guyana, are expected to increase as drilling operations are taking longer than expected. As a result, CGX Energy may seek additional funding options. Frontera Energy is the majority shareholder of and joint venture partner of CGX in the Petroleum Prospecting Licenses for the Corentyne block, where the... Continue Reading →
(Reuters) Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana, and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday for offshore oil reserves that analysts say are some of the most promising... Continue Reading →
Oslo-based subsea well intervention and installation services company AKOFS Offshore last week scored a three-year deal with Brazil's Petrobras for its vessel Skandi Santos. Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil, and IKM Subsea will take care of ROV services. Bravante will be responsible for marine services.IKM Subsea... Continue Reading →
The active portfolio management developed by Petrobras in 2021 resulted in the company's cash inflow of approximately US$4.8 billion by December 7th. These resources, which are essential for the company to be able to invest in assets that provide greater returns, are the result of the signing of the sale of 17 assets and the... Continue Reading →
Brazil Energy Insight 