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April 7, 2020 Petrobras informs that it approved a level of oil production in Brazil for April of 2.07 million barrels per day (bpd). This new monthly production forecast already includes the reductions announced on 3/26/2020 and 4/1/2020. Thus, there will be a daily monitoring of the production projection, increasing or decreasing the constraints to... Continue Reading →
April 7, 2020 Petróleo Brasileiro S.A. - Petrobras informs that it has identified the presence of oil in a exploratory well of the Sudoeste de Tartaruga Verde block, located in the Campos Basin. The well, informally called Natator, is located 130 km from the city of Macaé (RJ), in water depths of 1,080 meters, with... Continue Reading →
April 6, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of March. 1. January figures account for a 70% stake in the Frade Field. The acquisition of the remaining 30% stake – announced on November 28,... Continue Reading →
6 April 2020 Netherlands-based Seabed Geosolutions has submitted the lowest bid in a Petrobras tender to contract proprietary seismic surveys for the Parque das Baleias and Golfinho fields off Brazil.
03 April 2020, ANP published the Monthly Bulletin of Oil and Natural Gas Production with detailed data for February 2020. This month, 3,783 MMboe / d (million barrels of oil equivalent per day) were produced, of which 2,972 MMbbl / d (million barrels per day) of oil and 129 MMm3 / d (million m3 per... Continue Reading →
April 6, 2020 The worsening of the global crisis due to the new coronavirus did not inhibit the progress of Petrobras' divestment program. Since January - when the first cases of Covid-19 were confirmed -, the oil company has launched 11 disclosure opportunities (teasers), more than a third during the month of March.
APR 6, 2020 The new secretary of Petroleum, Natural Gas and Biofuels, José Mauro Ferreira, is a former director of the Energy Research Company (EPE). The appointment was published in the Official Gazette (DOU) today. Ferreira holds a bachelor's degree in Industrial Chemistry, a Master's in Materials Engineering from the Military Engineering Institute (IME) and... Continue Reading →
Brazil's state-run oil company Petrobras has delayed by 90 days the deadline for bids to build a production platform in the Itapu field in Santos Basin after a sharp drop in oil prices and concerns about the impact of the COVID-19 pandemic, two people familiar with the matter told Reuters. The platform, which was slated... Continue Reading →
Dutch geotechnical survey firm Fugro has announced a set of 'painful measures' including workforce cuts, and a hiring and salary freeze, as the company expects the COVID-19 pandemic and low oil prices to negatively impact its business. "The company is implementing a program to significantly reduce costs and capital expenditure, with the aim of realizing... Continue Reading →
Guyana's oil output rose 58.2% to 56,320 barrels per day (bpd) in January, up from 35,607 bpd in December, the South American country's finance ministry said in a report published this week. The government is still working with the consortium producing crude at the Stabroek block off its coast on finalizing the procedures to calculate... Continue Reading →
