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Nov 19, 2019 ANP extended deadline for Petrobras to conclude operations involving land and shallow water fields The ANP has extended the deadlines for Petrobras to complete its divestments in land and shallow water. The operations involve 124 fields at 20 clusters - some of them already sold, but not yet with all the regulatory... Continue Reading →
Nov 19, 2019 The ANP granted Rosneft another four years (until 2023) to complete the second stage of the minimum exploratory programs (MEPs) of blocks SOL-T-151, SOL-T-174, SOL-T-197, SOL-T-214, SOL-T-215, SOL-T-216 and SOL-T-217 in the Solimões Basin. Asset Discovery Assessment Plans (DAPs) were also extended by the agency, with deadlines now ranging from 2020 to... Continue Reading →
Self-funded Growing Business Adds Light Oil Production, Proven Reserves, Low Breakeven Cashflow, Low Risk Development Opportunities, Significant Exploration Resources, Strategic Acreage, New Basin Entry, Carried Exploration Drilling, Cross-border Pipeline, New Partnerships, and Operating and Commercial Synergies Continue reading
November 13, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 09/13/2019, reports on the beginning of the binding phase regarding the sale of its stakes in two onshore concessions, including offloading facilities named Cupiúba and Carapanaúba Cluster, located in the state of Amazonas. Qualified parties for this phase will receive invitation... Continue Reading →
Nov 13, 2019 The purchase of the Lagoa Parda Cluster by Imetame is approved by Cade, without restrictions. The set of three fields in Espírito Santo was 100% sold by Petrobras, for R $ 9.4 million. Deal was signed on October 11th. The current average production of the cluster is 300 barrels of oil per... Continue Reading →
Latin American states like Colombia have been important producers of oil and gas for this southern continent, the Caribbean and North American markets. Colombia’s crude oil production is primarily located onshore, in the northwest and centre of the country, close to major refined product-consuming regions. Meta Department, in central Colombia, is an important production area,... Continue Reading →
November 4, 2019 Petrobras requested another six months from the National Petroleum Agency (ANP) to comply with its determination to sell blocks and fields in which it suspended its investment plans. Under the current term, the company has until December 31 to sell the assets. The request will be reviewed by the agency's collegiate board... Continue Reading →
November 1, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser) regarding the sale of its interest in 15 onshore exploratory blocks, located in the Sergipe-Alagoas Basin. The teaser, which contains key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is... Continue Reading →
As global oil firms make ever-bigger bets on Brazil’s massive deepwater fields in its ‘subsalt’ area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country’s crude. The proliferation of niche players, ranging from private equity firms to domestic and international... Continue Reading →
October 21, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) published this Monday (21) a project summary of Brasil Refinarias to build a unit with capacity to process 735 barrels / day (117 m³ / day) in Bahia. According to information sent by the company to ANP, the unit is designed to... Continue Reading →
