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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 →
Brazil’s Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the ‘transfer-of-rights’ area. The bidders who win exploration and production rights in the massive Nov. 6 auction will... Continue Reading →
A Brazilian Senate committee cleared the way for what may be a record-setting offshore oil rights auction on Tuesday, approving a government deal with state-run oil company Petroleo Brasileiro SA to settle a years-old dispute. The full Senate is also expected to vote later on Tuesday on the bill on dividing proceeds from the blockbuster... Continue Reading →
Oct 15, 2019 The National Bank for Economic and Social Development (BNDES) intends to lead the structuring of a model that enables the construction of gas pipelines to drain future gas production from pre-salt fields, which in addition to financing the works will include the search for investors for the ventures, a bank superintendent told... Continue Reading →
Oct 15, 2019 Petrobras and Pre-sal Petróleo SA (PPSA) signed a document of expenses and volumes equalization for the Tartaruga shared oil field in the Campos Basin. As a result of the contract, the Union will receive about R $ 210 million from Petrobras. The funds will go into the National Treasury single account by... Continue Reading →
The first version of the Indicative Gas Pipeline Plan (IGP), prepared by EPE, mapped 11 potential projects for the extension of the natural gas transmission network, totaling about 2,000 km of new pipelines. - They represent an estimated investment of R $ 17 billion, to increase the national transportation capacity by 124 million m³ /... Continue Reading →
Oct 15, 2019 Four more qualified for the ANP 6th pre-salt sharing auction: Enauta, Equinor and Petrogal (operators A) and Cepsa (non-operator). As a result, the number of companies able to participate in the auction rises to 17. - Equinor already operates pre-salt projects, such as Carcará, in Santos, and Pão de Açúcar, in Campos;... Continue Reading →
In a statement issued last week, the Argentine foreign ministry said three oil companies – Rockhopper, Premier Oil, and Argos Resources – were carrying out oil and gas activities on the continental shelf near the Falkland Islands – without the authorization of the Argentine government. Argentina and the UK in 1982 fought a brief but... Continue Reading →
October 11, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it signed today with Imetame Energia Lagoa Parda Ltda, wholly owned subsidiary of Imetame Energia Ltda, a contract for the sale of its entire working interest in the onshore fields of the Lagoa Parda Cluster, located in Espírito Santo state, near the city of Linhares.... Continue Reading →
Oct 11, 2019 After two years of auctions dominated by Petrobras and ExxonMobil, the 16th Round oil and gas exploration concessions was dominated by Petronas from Malaysia and QPI from Qatar. These were the companies that invested the most in the acquisition of assets in the bidding: R $ 3.72 billion in total. The amount... Continue Reading →
