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Oct 15, 2019 Oil company is the first international oil company to seek a drilling unit for the development of a large field in Brazil The attention of major drilling companies will turn to Equinor in the coming weeks. The Norwegian oil company launched a bid to charter a 3,000 m water depth rig for... Continue Reading →
Oct 15, 2019 Four more qualified for the ANP 6th pre-salt sharing auction: Enauta, Equinor and Petrogal (operators A) and Cepsa (non-operator). As a result, the number of companies able to participate in the auction rises to 17. - Equinor already operates pre-salt projects, such as Carcará, in Santos, and Pão de Açúcar, in Campos;... Continue Reading →
Oct 11, 2019 After two years of auctions dominated by Petrobras and ExxonMobil, the 16th Round oil and gas exploration concessions was dominated by Petronas from Malaysia and QPI from Qatar. These were the companies that invested the most in the acquisition of assets in the bidding: R $ 3.72 billion in total. The amount... Continue Reading →
October 11, 2019 At its peak, the agency expects production to reach 500,000 barrels. Minister says bonus paid was triple of expected The twelve auctioned blocks will require the installation of three to four new platforms between Rio de Janeiro and Sao Paulo, according to the National Petroleum Agency (ANP). The auctioned off areas in... Continue Reading →
Oil major Chevron has been awarded two offshore blocks in the Santos and Campos basins as part of Brazil’s 16th Bidding Round for oil and gas exploration blocks, with its partners Wintershall Dea and Repsol. Wintershall Dea said on Thursday it would hold an interest of 20% in the blocks S-M-766 and C-M-845, alongside its... Continue Reading →
France’s Total SA (TOTF.PA), the big winner in a Brazilian auction of offshore oil concessions on Thursday, said it will not participate in a bigger auction scheduled for Nov. 6 of the so-called Transfer of Rights area in Brazil’s pre-salt region. The company’s chief executive officer, Patrick Pouyanné, said in a statement that was because... Continue Reading →
Oct 10, 2019 As anticipated by PetróleoToday, Shell began the Alto de Cabo Frio Oeste exploratory campaign, a 3rd round sharing area located in the Santos Basin. The Constellation Brava Star drillship will drill well 1-SHEL-31-RJS in a 1,720 m water depth. The work continuous after drilling the pioneer well of Sul do Gato do... Continue Reading →
Brazil's Federal Audit Court known as the TCU unanimously approved on Wednesday the ground rules for a major auction of pre-salt oil concessions in a "transfer of rights" (TOR) area off the country's southeastern coast. The government expects to raise 106 billion reais ($25.8 billion) from the auction scheduled for Nov. 6, which is expected... Continue Reading →
Brazil’s offshore oil and gas sector: it’s complicated, challenging and rife with opportunity. Brazil today is seeing offshore activity increase, production is on the rise, and its government has made significant strides to remove obstacles for investment. But not long ago the picture looked very different for one of the planet’s foremost offshore oil and... Continue Reading →
Oct 10, 2019 (Reuters) - A consortium of France’s Total SA, Qatar Petroleum and Petronas won the exploration and production rights for an offshore block near Brazil’s coveted offshore pre-salt region on Thursday, agreeing to pay the government a signing bonus of 4.029 billion reais ($978 million). Total, which has a 40% stake in the... Continue Reading →
Brazil Energy Insight 