Petrobras Completes Sale of BM-S-8 Exploration Block
Today, Petrobras announced that the company has completed the sale of its stake in the exploration block BM-S-8 to Statoil Brasil Óleo e Gás LTDA, as announced on July 29, 2016. The deal was completed with a payment of USD 1.25 billion, which represents 50% of the total sale amount, from Statoil, after complying with all previous conditions provided for in the agreement…
Petrobras’ Proven Reserves in 2015
Petrobras announces its proven reserves of petroleum (oil, condensate and natural gas), assessed at the end of 2015 according to ANP/SPE (National Petroleum, Natural Gas and Biofuels Agency / Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission) criteria. According to ANP/SPE criteria, on December 31, 2015, Petrobras´ proven oil, condensate and natural gas reserves reached 13.279 billion barrels of oil equivalent (boe)…
Ecopetrol, JX Nippon Team Up to Explore Brazil Offshore
Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block, located in shallow waters of the Foz Amazonas basin on the equatorial margin of the Brazilian Amazon region. Ecopetrol has held the exclusive rights for this block since May 2013, which was awarded during the 11th Round carried out by the ANP…
Rosneft, PetroRio Approved for Solimoes Project
Rosneft Brasil (Rosneft subsidiary) and PetroRio received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the Rosneft Brasil transaction to acquire additional 55% in the Solimoes project. Under the agreement the final completion date of the purchase and transaction shall be agreed between PetroRio and Rosneft Brasil and is expect to occur within 30 days.
Petrobras Maintains Gas & Oil Production
Petrobras announces that its total domestic oil and natural gas production in January 2015 was 2.661 million barrels of oil equivalent per day (boed), averaging about the same as December of last year (2.675 million boed). The total domestic oil and natural gas production operated by Petrobras, including the share operated for its partner companies, was 2.910 million boed, averaging about the same as December 2014 (2.917 million boed).
Petrobras Drills First Libra Appraisal Well
Petrobras completed the drilling of the first appraisal well in the Libra Consortium area, the 3-BRSA-1255 (3-RJS-731), informally known as NW1, on November 6. Located in the northwest portion of the Libra block, in the pre-salt layer of the Santos Basin, the well is approximately 4 kilometers southeast of the discovery well, the 2-ANP-2A-RJS. The well has reached a final depth of 5…
Production Begins at Santos Basin Pre-salt Iracema Sul
Petrobras announced that platform Cidade de Mangaratiba went into operation today at the Santos Basin pre-salt area of Iracema Sul, in Lula field, located on block BM-S-11. The start-up of the new platform was anticipated since the original expected start-up, as provided for in the 2014-2018 Business & Management Plan, had been scheduled for November 6, 2014.
Petrobras’ Platform Cidade de Mangaratiba Starts Operation
Petrobras’ platform Cidade de Mangaratiba went into operation today (14/10) in the Santos Basin pre-salt area of Iracema Sul, in Lula field, located on block BM-S-11. The start-up of the new platform was anticipated since the original expected start-up, as provided for in the 2014-2018 Business & Management Plan, had been scheduled for November 6th, 2014. The…
Jupiter Well Extended in Santos Basin
Petrobras announces confirmation of the extension of the Jupiter discovery in Santos Basin pre-salt block BM-S-24 following drilling operations at well 3-BRSA-1246-RJS (3-RJS-732), informally known as Apollonia. This well, which is situated 296 km off the coast of Rio de Janeiro, at a water depth of 2,183 meters, is the fourth well drilled in the Jupiter area and is 8 km to the southwest of discovery well (1-RJS-652A).
Rosneft Brasil to Acquire Controlling Stakes in Solimoes Project
Rosneft Brasil (Rosneft subsidiary) and HRT O&G (HRT subsidiary) received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the Rosneft Brasil transaction to acquire additional 6% in the Solimoes project. Under the agreement the completion of the purchase and transaction between HRTO&G and Rosneft Brasil shall occur up to 30 days after the regulatory approval.
Petrobras Confirms Entorno de Iara Findings
Petrobras announced that it has completed drilling the last exploratory well in the areas of the Transfer of Rights agreement, in the Santos Basin pre-salt. The well 4-BRSA1226-RJS (4-RJS-728), the third drilled in the block referred to as Entorno de Iara, has confirmed the discovery of good quality oil in the pre-salt reservoirs. Known as Entorno de Iara 3, the well is located at a water depth of 2…
