Executives from the Kuwait Foreign Petroleum Exploration Company met this week in Brazil with industry giants such as Petrobras, Chevron, and Shell.
Browsing: pré-sal
According to company PPSA, linked to the Brazilian Ministry of Mines and Energy, this is the volume the country expects to produce under the sharing regime in pre-salt areas from 2023 to 2032. Daily production is expected to increase fourfold in the coming years.
The Brazilian oil company developed a program for the capture, use, and geological storage of CO2 in the pre-salt oil and gas fields.
State-controlled Pré-Sal Petróleo will auction 55 million oil barrels from four fields on November 26. Brazilian exporters and trading firms can participate.
Able to move around on its own, Annelida is a semi-autonomous robot that will help the industry save billions by cleaning oil ducts. The solution was inspired by peristaltic movements used by different animals, including the annelids.
Brazilian oil company performed well, driven by higher oil prices and lower operating expenses. Gross debt decreased and asset sales generated USD 210 million.
Company PPSA, with ties to the Brazilian government, opened a public consultation on the tender to hire a foreign agent to sell the oil from pre-salt.
Figure was reached for the first time. Oil extraction was up by 7.8% from a year before, and natural gas by 9.5%.
Four oil blocks were on offer in the 6th Production Sharing Bidding Round. A consortium of Petrobras and China’s CNODC placed the winning bid for the Aram area, in the Santos Basin.
Output climbed 9.3% for oil and gas, and 3% for oil and gas products quarter-on-quarter.
The 6th Round of the Pre-Salt Production Sharing will run on November 7 with 17 companies able to compete, the highest number in this regimen’s auctions.
Company reported a production of 3 million barrels of oil and gas per day, a record high.
Petrobras now extracts almost 2 million barrels of oil equivalent a day in the region’s ultra-deep waters.
Brazil produced on average 2.6 million barrels per day in the first month of 2019.
