Petrobras started this Wednesday (20) to produce oil and gas in platform P-76, in Campos Basin.
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The country produced an average of 2.586 million barrels per day last year. Natural gas production, however, grew by 1%.
The funds originated from Pré-Sal Petróleo (PPSA), a company affiliated with the Brazilian Ministry of Mines and Energy.
Oil and gas production averaged 3.34 million barrels of oil equivalent per day for the Brazilian state-run oil company in October.
Qatar’s state-owned company acquired the block of Titã, in the Santos basin, in the 5th Production Sharing Round in the Pre-Salt, in a consortium with ExxonMobil. The auction was held this Friday.
The climb was registered in July over June, with 1.82 million barrels of oil equivalent per day.
The second auction of the Brazilian federal government’s stake in production-sharing contracts will be held on the 31st at the São Paulo Stock Exchange.
Last month saw 3.311 million barrels of oil equivalent per day produced in Brazil, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) reported.
Production averaged 2.6 million barrels per day last year in Brazil. Manufacturing of oil products, on the other hand, slid by 3.7% to 1.9 million bpd as spending on imports went up.
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels has issued a preliminary request for bids and the minutes of contracts for the 5th Pre-Salt Oil and Gas Production Sharing Tender Round, slated for September.
ANP sold three of the four blocks offered in an auction this Thursday (7).
Qatar Petroleum International will place a bid at the 4th Round of the Pre-Salt Production Sharing Regime with 15 other companies next Thursday (7).
Four oil and gas blocks in the Campos and Santos basins will be auctioned under a production-sharing scheme. The auction is expected to take place on September 28.