Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras. The field is located in shallow waters in the Santos Basin in concession BM-S-40, 50-60km from Karoon’s Neon and Goiá discoveries, and 50km from Karoon’s Clorita... Continue Reading →
Petrobras starts binding phase of E&P assets in Alagoas
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on July 29, 2020, informs the beginning of the binding phase regarding the sale of its entire stake in a set of seven onshore and shallow water concessions (Alagoas Cluster) located in the state of Alagoas. Potential buyers qualified for this phase will receive... Continue Reading →
Petrobras to resume exploratory campaign in deep water Potiguar Basin in 2023
Petrobras is studying resuming the exploration campaign in the deep waters of the Potiguar Basin in 2023, with the drilling of a new well to delimit the discovery of Pitu - one of the few assets that is not being sold by the company in the state of Rio Grande do Norte. - The discovery... Continue Reading →
MME Targets Mature Offshore Fields
The Ministry of Mines and Energy (MME) should launch, in November, the Incentive Program for Offshore Mature Fields following REATE’s initiative for onshore fields. The program, which focuses on extending the useful life of this type of asset and postponing its decommissioning, is being conducted directly by the Secretary of Petroleum, Natural Gas and Biofuels,... Continue Reading →
McDermott Announces Shipment of First MODEC FPSO Modules
PRNewswire/ -- McDermott International, Ltd today announced the first shipment of topside modules for a floating production storage and offloading (FPSO) unit for MODEC, Inc. (MODEC). The FPSO will be located in the Area 1 block, approximately six miles (10 kilometers) off the coast of Mexico in the shallow waters of the Campeche Bay at a water depth of... Continue Reading →
Pre-Salt production sets record in August with 2,776 MMboe / d
Pre-salt production in August set a record for the second consecutive month, both in oil and natural gas production. In total, 2,776 MMboe / d (million barrels of oil equivalent per day) were produced, with 2,201 MMbbl / d (million barrels per day) of oil and 91.398 MMm3 / d (million m3 per day) of... Continue Reading →
Shallow water assets in the Campos Basin sold by Petrobras, may receive more than R $ 10 billion in investments
The new development plans (DP’s) for 14 shallow water fields, recently approved by the ANP, indicate that the areas, previously in process of decline, will receive an injection of investments that exceed R $ 10 billion. This amount refers only to activities considered firm (mandatory) in the plans submitted to the ANP. This value can... Continue Reading →
Petrobras starts non-binding phase at Potiguar Cluster
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 24, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of twenty-six onshore and shallow water production field concessions, located in the Potiguar Basin, in the state of Rio Grande do Norte... Continue Reading →
Petrobras releases teaser of E&P assets in the Campos Basin
September 25, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in the Albacora and Albacora Leste concessions, located in the deep waters of the Campos Basin.. The teaser, which includes key information about the opportunity, as well... Continue Reading →
Brazil Oil and Gas Circuit
In the latest edition of the Brazil Oil and Gas Circuit, an event organized by ONIP in partnership with ABPIP and supported by Firjan, the Rio 2020 Petroleum Yearbook was the central theme and brought an insight into the activities in exploration and production in Rio de Janeiro waters, with guests from three operators. The... Continue Reading →
Brazil Energy Insight 