Brought to you by Quest Offshore & Southern Cone Consultants
November 6, 2019 Petróleo Brasileiro S.A. – Petrobras informs that will be the operator with 90% stake in the consortium with CNODC Brasil Petróleo e Gás Ltda. (5% stake) and CNOOC Petroleum Brasil Ltda. (5% stake), which acquired today the exploration and production rights ofthe surplus volume of Búzios field from the Transfer of Rights... Continue Reading →
Nov 6, 2019 (Reuters) - A consortium led by Brazilian state-run oil company Petrobras and including China’s state-run companies CNOOC and CNODC was awarded the most promising block of the nation’s Transfer of Rights auction on Wednesday. The Buzios block was won by the companies by offering the minimum profit oil allowed for that area,... Continue Reading →
NOV 6, 2019 Almost all set for the FPSO P-70 to sail to Brazil. The information was revealed by the Minister of Mines and Energy, Bento Albuquerque, during a conversation with journalists in Brasilia. “I had the opportunity to visit the FPSO P-70 on my visit to China. It is in the final phase of... Continue Reading →
Brazil is holding what may be the world’s priciest-ever sale of oil prospects on Wednesday, with all eyes on who takes the giant Buzios field. Exxon Mobil Corp. and Royal Dutch Shell Plc are among heavyweights signed up to bid for four deep-water areas known as the transfer-of-rights reserves. It’s a prime piece of real estate at the... Continue Reading →
Nov 5, 2019 In the first half of November, Petrobras will begin drilling its first Uirapuru exploratory well, an area of the Santos cluster that was auctioned off in the 4th round of sharing, in 2018. The campaign will be carried out by Seadrill's West Tellus drillship have a new contract. The chartering of the... Continue Reading →
November 5, 2019 The two exploratory block auctions that the ANP will promote today and tomorrow are marked by record numbers, starting with the huge numbers that generate huge expectations in the industry and in the three Brazilian administrative spheres. Treated by the government as the biggest auction of all time, the TOR round will... 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 5, 2019 Petróleo Brasileiro S.A. - Petrobras clarifies that it has been fully complying with the schedule of commitments made in the agreement signed with the Administrative Council for Economic Defense (CADE) on July 8, 2019. It is worth mentioning the pre-established commitments in the agreement and that have been fulfilled by Petrobras: •... Continue Reading →
Nov 4, 2019 Brazilian oil company Petrobras has extended a contract with Seadrill for the use of a drillship. Seadrill said on Monday that the contract was for the West Tellus drillship. Seadrill’s West Tellus is a 6th generation DP3 drillship rated for 3,600m water depth. It was built in 2013 by Samsung Shipyard in... Continue Reading →
Oil trader Vitol and Delonex Energy have quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil’s Petrobras. The sale is part of a Petrobras effort to offload $21 billion in assets amid heavy debts and a corruption scandal. The Petrobras Africa assets include an 8% interest in... Continue Reading →
Brazil Energy Insight 