The Final Tender Protocol brings the rules and procedures of the 14th Bidding Round sets forth rights and obligations of the future concessionaires. The final tender protocol and the model of concession contract furnish improvements in relation to the draft tender protocol and to the draft of concession contract, published on May, 18 2017.... Continue Reading →

JULY 19, 2017 / 6:47 PM RIO DE JANEIRO (Reuters) - Brazil's oil watchdog ANP on Wednesday published the model contract for its 14th round auction of oil and natural gas exploration rights, scheduled for Sept. 27. On offer are 287 blocks in the offshore basins of Sergipe-Alagoas, Espírito Santo, Campos, Santos, Pelotas, and onshore... Continue Reading →

Offshore driller Seadrill has secured a firm contract for one well and one drill stem test with Statoil for the West Saturn drillship in Brazil. According to Statoil’s statement on Thursday, the exploration drilling with the Seadrill rig will be done in the BM-S-8 license in the Santos basin offshore Brazil, which contains parts of the... Continue Reading →

Investments in the Brazilian oil and gas industry have the potential to increase in coming years and reach a tenth of the world’s total capital expenditure, as the country opens up to private sector spending with a series of initiatives to attract new players and have a more diverse market. Over the past 12 months,... Continue Reading →

Norway’s Apply Leirvik has been awarded a new living quarters engineering, procurement, and construction (EPC) contract from Statoil with a total value of 400 million NOK ($48 million). Apply Leirvik said that Statoil awarded the company a contract for the delivery of the living quarters module for the Peregrino II platform in the Campos Basin... Continue Reading →

Statoil and Queiroz Galvão Exploração e Produção (QGEP) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 license in Brazil’s Santos basin. The additional 10% equity will increase Statoil’s operated interest in the license from 66% to 76%. The total consideration for the transaction is $379 million. BM-S-8 includes a... Continue Reading →

  Galp selected as an absolute priority in Brazil, the bidding of the North area of the Carcara field (BM-S-8), in the Santos Basin, scheduled for 27 of October. Galp is trying to convince Statoil to enter the bidding, repeating part of the consortium that owns the BM-S-8 concession. Galp is the "small fish" of... Continue Reading →