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July 25, 2019 The ANP approved the revision of the Pitu well discovery discovery plan (PAD) 1-BRSA-1205-RNS, called Pitu, in the POT-M-853 and 855 deepwater blocks of the Potiguar Basin. The asset exploration phase, which would end on the 15th, was extended to August 2020, while the discovery evaluation period was also extended by one... Continue Reading →
July 25th, 2019 We had a solid operating performance in 2Q19, especially in the pre-salt fields, which accounted for 57% of our oil production. In May, we completed ten years of pre-salt production in the Santos Basin, with efficiency and productivity indicators above the offshore industries average. In just one decade, the accumulated operated production... Continue Reading →
July 25, 2019 -Petróleo Brasileiro S.A. – Petrobras, pursuant to article 24 of CVM Instruction 400 of December 29, 2003, as amended, reports that today the overallotment option (“Greenshoe Option”) was fully exercised under the secondary public offering of shares issued by Petrobras Distribuidora SA (“BR”) and held by Petrobras. With the exercise of the... Continue Reading →
Brazilian oil company Petrobras is seeking to auction off a 2010-built ultra-deepwater drillship. The company is planning to sell the Vitoria 10000 drillship via an international electronic auction in September. The Vitoria 10000 is a sixth-generation drillship built by Samsung, under the Samsung 10000 design. The rig – initially owned by Schahin – later renamed to... Continue Reading →
July 25, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 07/08/2019, announces the beginning of the non-binding phase related to the sale of all its stakes in four onshore fields, located in Bahia, jointly known as Tucano Sul Cluster. Parties qualified for this phase will receive instructions on the divestment process,... Continue Reading →
July 25, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it received this week R$ 425 million as a result of leniency agreements and repatriations carried out by the Federal Prosecutor’s Office. Thus, the total amount of funds returned to the company as a result of cooperation, leniency agreements and repatriation exceeds R$ 4 billion.... Continue Reading →
July 24, 2019 Petrobras is expected to start drilling a well in the Sagitario prospectus next quarter, Repsol said in its financial report released Wednesday. The initial forecast was that the activity would take place in the second quarter, but the schedule was postponed. Sagitario was awarded in the seventh round of ANP bids to... Continue Reading →
July 24, 2019 Another important pre-salt project is starting to move forward. Petrobras recently published the call for charter for the FPSO to be used in Itapu, in the Transfer of Rights area. Bid opening is scheduled for December 22 this year and international bidding will be by closed envelop mode. The charter agreement will... Continue Reading →
Rio de Janeiro, July 24, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today an unfavorable decision on an administrative tax proceeding which deals with the collection of CIDE - Import tax regarding remittances abroad for the payment of charter contracts in the calendar year of... Continue Reading →
July 24, 2019 Petróleo Brasileiro S.A. - Petrobras announces that today it signed two contracts for the sale of upstream assets in shallow waters in Campos and Santos Basins, in the total amount of US$ 1.5 billion (about R$ 5.7 billion). The transactions refer to: the sale of 100% of its interest in the Pampo... Continue Reading →
Brazil Energy Insight 