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Nov 8, 2019 On November 4, Petrobras received from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama), the Operating License for the Development of Production and Disposal of Berbigão and Sururu, which will take place through FPSO P-68, within the scope of the Santos Basin Pre-Salt Pole Oil and Natural Gas Production and... Continue Reading →
Nov 8, 2019 Petrobras began a new drilling in the SEAL-M-424 block in the Sergipe-Alagoas Basin. The work on well 3-BRSA-1371-SES is conducted by Transocean's Petrobras 10,000 drillship in 2,696,000 m water depth. The block is part of the BM-SEAL-10 concession. The well is the seventh in the SEAL-M-424 since 2012 and the third drilled... Continue Reading →
Nov 8, 2019 The National Agency of Petroleum, Natural Gas and Biofuels estimates that about 60 offshore platforms will be installed on the Brazilian coast by 2030, mostly in the pre-salt. ANP Director-General Décio Oddone stressed that the lack of bids in the Sepia and Atapu fields, in the TOR round held last Wednesday (7),... Continue Reading →
Nov 8, 2019 The pre-salt auction week ends with more than R $ 75 billion collected, the contracting of excess volumes of Buzios and Itapu, which may exceed 10 billion barrels, and the exploration of Aram, with potential to be one of the largest fields in the country. "Still, it left a lot of people... Continue Reading →
Nov 11, 2019 Shell began the licensing process at Ibama to drill in block BM-S-54, in the Santos Basin pre-salt, where the discovery of Gato do Mato is located. The campaign will consist of drilling up to six development wells that will be interconnected with the future production system of the block and the contiguous... Continue Reading →
Nov 8, 2019 (Reuters) - Brazil’s state-run oil firm Petrobras, which dominated this week’s disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday. Major global oil firms snubbed a second Brazilian oil auction in a row... Continue Reading →
Petrobras CEO Roberto Castello Branco said the reason most major oil companies didn’t show up for Brazil’s massive auction was because of the astronomic price tag and regulatory uncertainties. “The amount that companies would need to commit upfront, with license fees and compensation to Petrobras, was too high,” Castello Branco said in an interview Wednesday... Continue Reading →
Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up promising offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA (PETR4.SA). The only block awarded in Thursday’s bidding went to the Brazilian oil firm, known as Petrobras,... Continue Reading →
For the second day, state-controlled energy giant Petrobras led the sole bid as major foreign producers sat out an auction of Brazilian oil deposits. Petroleo Brasileiro SA, as the company is also called, made a successful joint bid with China National Oil & Gas Exploration & Development Co. for the Aram block in Thursday’s sale... Continue Reading →
Brazil’s state-run Petrobras and CNODC, a unit of China National Petroleum Corp, were awarded rights to explore and produce oil at the Aram block in the country’s Santos basin by offering the minimum allowed profit oil of 29.96 percent. This was the only bid of the 6th Pre-Salt Round. The other blocks did not recieve... Continue Reading →
Brazil Energy Insight 