Petrobrás completed the 3BRSA1350RJS well in the Libra field in the pre-salt Santos Basin. The drilling activity was performed on a water depth of 2,098 meters, using the West Carina drill ship. In September, the oil company had already notified the National Petroleum Agency (ANP) about the discovery of hydrocarbon traces in the well.... Continue Reading →
ExxonMobil to Acquire Interest in Block Containing Brazil’s Carcara Oil Field from Statoil
October 27, 2017 12:26 PM Eastern Daylight Time IRVING, Texas--(BUSINESS WIRE)--ExxonMobil announced today that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara field contains an estimated recoverable resource of 2 billion barrels of high-quality oil.... Continue Reading →
Petrobras Result of the Second and Third Bidding Rounds – Production Sharing Regime
Rio de Janeiro, October 27, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on May 25, 2017, reports that it has acquired, in partnership with other companies, three offshore blocks in the 2nd and 3rd bidding rounds under the production sharing regime, held today by the National Agency of Petroleum,... Continue Reading →
Factbox: Winners of Brazil’s pre-salt oil round
The Brazilian government awarded on Friday rights for companies to explore high-potential oil blocks in Brazil’s pre-salt offshore region. Six out of eight blocks offered received bids. The pre-salt blocks offered to investors will be governed by production-sharing contracts. Companies had to agree to pay a fixed signing bonus and offer the government a share... Continue Reading →
Shell wins three oil blocks in Brazil’s deepwater
Oil major Royal Dutch Shell Plc RDSA.L won half the blocks awarded in Brazil’s deepwater oil auction on Friday, while rival BP (BP.L) took two blocks and Exxon Mobil Corp (XOM.N) took one in a historic opening of the pre-salt play to foreign operators. Read more
BP keen to develop Brazil oil blocks quickly: executive
Oil major BP Plc plans to move quickly to develop oilfields in the two blocks that it won in Brazil’s deepwater oil region on Friday that it sees as a good bet in any price scenario, senior executives said. Read more
Shell, Exxon win blocks in Brazil’s pre-salt oil auction
Oil majors Royal Dutch Shell RDSA.L and Exxon Mobil (XOM.N) won blocks in Brazil’s coveted pre-salt oil region in an auction on Friday. Shell was part of consortia that won two of the four blocks on offer in the first part of an eight block auction. Exxon, in a consortium with Norway’s Statoil (STL.OL) and... Continue Reading →
Consortia with Shell, Total win pre-salt block in Brazil
RIO DE JANEIRO (Reuters) - A consortia led by Royal Dutch Shell Plc (RDSa.L) and including French major Total SA (TOTF.PA) won the right to explore Brazil’s pre-salt oil block, named Sul de Gato do Mato, during an auction on Friday. The companies pledged 11.53 percent of the oil after costs to the government, oil... Continue Reading →
Brazil confident of oil auction, appeals injunction
Brazil’s government has appealed an injunction suspending a pre-salt oil auction and expects the bidding to go ahead as planned on Friday, the Mining and Energy minister Fernando Coelho Filho told Reuters. Read more
Big Oil executives jet to Rio for deepwater oil sale
Brazil will auction eight blocks in its coveted deepwater oil region on Friday, a prospect that has attracted top executives from the world’s biggest oil companies to Rio de Janeiro for the bidding round. The oil companies and Brazilian officials expect to see aggressive bidding for the more than 12 billion barrels of estimated oil... Continue Reading →
