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Sept 6, 2019 Petrobras, following up on the release dated 06/11/2019, reports the beginning of the binding phase to sell all of its stakes in 27 onshore exploration and production concessions, located in Espírito Santo, jointly called Cricaré Cluster. Qualified parties for this phase will receive a process letter with detailed instructions on the divestment... Continue Reading →
Sep 04, 2019, The Brazilian Senate has approved an agreement for the transfer of rights over a disputed group of oil fields that would see state energy giant Petrobras get US$9 billion in compensation. Reuters reports the agreement also involves payouts to oil-producing states. These will come from the expected proceeds from auctions of the... Continue Reading →
A middleman in a graft scheme at Brazilian state oil company Petrobras has implicated the chairman of global energy trading firm Vitol in a bribery operation to obtain oil contracts, as well as two high-ranking executives at rival Trafigura and its former CEO, according to plea bargain testimony seen by Reuters. The individuals named in... Continue Reading →
Sept 5, 2019 Petrobras will require about 3,500 km of risers by 2023. Of this total, more than half (2,147,000 km) are still to be contracted, while 707 km have already been contracted, of which 357 km have been delivered and 283 km have contracts in progress. The figures were presented by Petrobras' General Manager... Continue Reading →
September 4, 2019 Petrobras plans to drill ten wells in five production sharing areas in about two years Petrobras will start new exploratory campaigns in the Campos and Santos Basins pre-salt in the first quarter of 2020. Work on five production sharing areas will include drilling ten wells by the second quarter of 2022. Two... Continue Reading →
Sept. 3, 2019 The Administrative Council for Economic Defense (Cade) approved, without restrictions, the acquisition by Galp Bioenergy of a 50% stake in Petrobras Biocombustíveis (Pbio) in Belem Bioenergia Brasil (BBB). With the approval, Galp becomes BBB's sole parent. The contract between the two subsidiaries was signed in early August. Headquartered in Belém (PA), BBB... Continue Reading →
02 Sept, 2019 Petrobras has made a new notification of verified evidence of oil. This time, the discovery took place in the Sergipe-Alagoas Basin, within block BM-SEAL-4, at 2,647 meters of water depth, in well 3-BRSA-1368-SES. Drilling of well 3-BRSA-1368-SES began on June 20 of this year, through the Petrobras 10,000 rig. Petrobras is the... Continue Reading →
September 3, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that in August its total oil and gas production, including natural gas liquids (NGL), was 3 million barrels of oil equivalent per day (boed), with daily production achieving 3.1 million boed, both reaching record high. In addition, the average pre-salt production (including partners share), in... Continue Reading →
Sept 3, 2019 Petrobras is receiving one of the most important awards in the petroleum and gas industry, given by the Brazilian chapter of the Offshore Technology Conference (OTC Brazil), for the series of innovations developed during the Libra Long Term Testing (TLD), at the Bacia de Santos' pre-salt layer. According to the OTC Brazil,... Continue Reading →
September 2, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 08/09/2019, reports the beginning of the binding phase to sell all of its operated working interest in 11 producing shallow waters fields located in the Campos Basin, jointly called Garoupa Cluster. Qualified parties for this phase will receive a process... Continue Reading →
Brazil Energy Insight 