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An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels... Continue Reading →
October 18, 2019 Petróleo Brasileiro S.A. – Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation involving the company Sete Brasil, (ii) environmental process in the state of Paraná; and (iii) disputes on special participation and royalties involving the National Agency of... Continue Reading →
Oct 18 ,2019 Field areas in the Campos Basin should be included in the ANP permanent offer regime. Petrobras informed the ANP of its interest in voluntarily returning the areas of modules 1 and 2 of the Espadarte field in the Campos Basin. If the order is approved, the areas - which have not been... Continue Reading →
October 17, 2019 Petrobras plans to begin production testing on its Sergipe deepwater discoveries in November, the company told the National Petroleum, Natural Gas and Biofuels Agency (ANP). The project had to be postponed for one year for maintenance at FPSO Cidade de São Vicente. The agency's board approved the new project schedule on... Continue Reading →
October 17, 2019 CNPE will evaluate proposed inclusion of assets located within the polygon that have already been auctioned or returned On the agenda of the next meeting of CNPE, the inclusion of exploratory blocks located within the pre-salt polygon in the permanent offer regime was approved by the ANP board of directors meeting .... Continue Reading →
Oct 17, 2019 The electricity sector has entered the radar of major global oil companies, eager to consolidate in Brazil a consumer market for their respective natural gas production, whether from pre-salt or from abroad, through the importation of liquefied natural gas (LNG). ). Encouraged by the process of opening the Brazilian gas market, companies... Continue Reading →
ONGC Videsh, international business of the Indian oil company ONGC, has announced two discoveries in Brazil and Colombia. The company on Wednesday said it had made a major gas discovery at the Moita Bonita-2 well in the deepwater block BM-SEAL-4, Brazil in the Sergipe Alagoas Basin. Petrobras as operator of BM-SEAL-4 consortium with ONGC Videsh,... Continue Reading →
Oct 16, 2019 Petrobras launched, on Monday (14/10), a notice for the chartering of one or more rigs capable of operating between 2,400 m and 3,000 m water depths. Proposals are due to be delivered by November 11, and start-up is from January to March 2020. The announcement brings news about previous bids from Petrobras,... Continue Reading →
Oct 16, 2019 Petrobras postponed to December the submission of subsea proposals for the provision of engineering services, supplies, construction and installation (EPCI) for Mero 2 and Búzios V. Scheduled for October, the dates are set for the 9 and 30 of the last month of the year respectively. These are the only major tenders... Continue Reading →
Oct 15, 2019 Petrobras, following up on the release disclosed on 09/30/2019, reports that it has extended until 10/21/2019 the notification deadline for companies to express their interest on the sale of eight onshore exploratory blocks located in the Recôncavo Basin. There is no prejudice for the companies that have already expressed their interest. Continue... Continue Reading →
Brazil Energy Insight 