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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 →
Nov 01, 2019 Petrobras Natural Gas Executive Manager Rodrigo Costa Lima said that the installation of a floating gas terminal could be the solution for the production of new pre-salt fields. The decision, he says, has to be made by 2022 to absorb production growth in the second half of the next decade, and has... Continue Reading →
Nov 1, 2019 The Piauí-Alabama consortium, led by Triunfo Logística, was the winner of the bid to contract the decommissioning of the fixed platforms of the Cação field in the Espírito Santo Basin. The amount presented by the group to provide the service was R $ 38.5 million. The result was announced by Petrobras following... Continue Reading →
Nov 1, 2019 Petrobras is due to start production in Sergipe's deepwater in December when it intends to test the Farfan reservoir, one of the discoveries made in the region. The plan foresees the installation of FPSO Cidade de São Vicente, connected to a production well. It took longer than expected to complete cleaning of... 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 →
November 1, 2019 Petróleo Brasileiro S.A. - Petrobras, following on the press release issued on 08/08/2019, reports that its subsidiary Petrobras Biocombustíveis S.A. (“PBIO”) completed today the sale of its 50% stake in Belem Bioenergia Brasil (“BBB”) to Galp Bioenergy B.V. (“Galp”), which holds the other 50% stake in the company. BBB was established in... Continue Reading →
