Category: Reserves

Stamp of approval for huge Mexican Zama oil field development plan lays the foundation for $4.5 billion investment

Mexico’s hydrocarbon regulator, the Comisión Nacional de Hidrocarburos (CNH), has greenlighted a unit development plan (UDP), which Pemex submitted on behalf of its partners – Wintershall Dea, Talos Energy, and Harbour Energy – for a giant oil field located in the Sureste Basin offshore Mexico. The Zama unit development plan (UDP) was submitted in March 2023 to Mexico’s... Continue Reading →

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Petrobras on Production Sharing contracts

Petróleo Brasileiro S.A. – Petrobras informs that it signed today the Production Sharing Contracts (PSC) of the 1st Cycle of the Permanent Offer Bidding Round, held through a public session on 12/16/2022, for the blocks of (i) Água Marinha, in partnership with TotalEnergies (30%), QatarEnergy (20%) and Petronas (20%), (ii) Norte de Brava, where Petrobras... Continue Reading →

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Ecopetrol, Repsol make hydrocarbon discovery in Colombia

(Reuters) - Colombian majority-state-owned oil company Ecopetrol and Spanish energy business Repsol have discovered hydrocarbons at the Tinamu-1 exploration well in Colombia's Meta province, the companies said on Monday. The well is located in the CPO-9 block, in which Ecopetrol (ECO.CN) holds a 55% stake and serves as the operator, while Repsol (REP.MC) holds the remaining 45%, the companies... Continue Reading →

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3R Petroleum 2023 Reserves Certification Report

3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3) informs its investors and the market in general regarding the release of the Reserves Certification Report, base date of December 31, 2022, (“Certification 2023”), prepared by independent expert consultancy DeGolyer and MacNaughton, referring to the assets that form its portfolio. The Company highlights that... Continue Reading →

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