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Aberdeen-based oil and gas production optimization specialist, Enpro Subsea, has made a new senior advisor appointment in the Americas as part of its plans to expand in Brazil. The company has appointed Francesco Santoro as its strategic consultant in South America. Primarily based in Rio de Janeiro, Santoro has more than 40 years’ experience in... Continue Reading →
September 12, 2018 Less than a year after acquiring Peroba, in the Santos Basin pre-salt, Petrobras plans to start the exploratory campaign in the area next month. The drilling marks a new cycle of exploration of the company, concentrated in the 20 assets acquired in the auctions of the National Petroleum Agency (ANP) since last... Continue Reading →
Rio de Janeiro, September 12, 2018 - Petróleo Brasileiro S.A. – Petrobras informs that, on 09/10/2018, it prepaid US$ 750 million related to the financial leasing contract of P-52 platform executed in March 2016 with ICBC Leasing (Industrial and Commercial Bank of China Leasing), with original maturity on March 2026. The transaction is in line... Continue Reading →
See attached presentation Apresentacao-Investor-Day-Londres-12-09-2018-Ingles
A competent persons report (CPR) on Tullow Oil’s Orinduik block offshore Guyana has identified 2,9 billion barrels of oil equivalent of P50 (best estimate) reserves. Eco Atlantic, Tullow’s partner in the Orinduik block, said on Tuesday that the first-ever CPR on the Orinduik block was prepared by Gustavson Associates LLC. The company added that the 2,9... Continue Reading →
10. Sep, 2018 Petrobras announced that it plans to start exploration activities in the Peroba area in October, nine months after the signing of the purchase agreement. The block was acquired by the company during the third round of the pre-salt, held last year. The information was presented today (10) by the Executive Director of... Continue Reading →
11/09/18 Petrobras concluded the farm-out of the BM-C-14 (Xerelete Sul) and BC-2 (Xerelete) concessions to Total, in the Campos Basin. Petrobras withdrew its stake in 2016, but only now has the process been completed after regulatory approvals. The assets had been included in the company's divestment program in 2013 but received no offer to buy.... Continue Reading →
Campos Basin has nine more blocks in the permanent offer listThe ANP recently updated the permanent supply of exploration areas, with the inclusion of nine blocks in the Campos Basin, on the banks of the pre-salt polygon, as well as a land block in the Recôncavo Basin . With the upgrade, the permanent offer reaches... Continue Reading →
Crude oil extraction costs in the Santos Basin may reach a historic low of $ 5 per barrel, but the timeframe for doing so will depend on the development of the area known as the Onerous Assignment, a Petrobras executive told reporters on Wednesday. Large oil companies have invested heavily in Brazil, the largest... Continue Reading →
Jailed former Brazilian president Luiz Inacio Lula da Silva will throw in the towel on Tuesday in his legal battle to run in the Oct. 7 election and allow his Workers Party to announce running mate Fernando Haddad as its candidate, party sources told Reuters. Read more
Brazil Energy Insight 