Executives from the Kuwait Foreign Petroleum Exploration Company met this week in Brazil with industry giants such as Petrobras, Chevron, and Shell.
Browsing: pre-salt
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.
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.
Brazilian imports of oil from the Arab countries fell by 15% in H1. According to EPE, the sector saw a lower demand for fuels and products related to mobility, which have been reduced to curb the spread of the coronavirus.
Figure was reached for the first time. Oil extraction was up by 7.8% from a year before, and natural gas by 9.5%.
Oil production in the country went past the 3-million-barrel mark for the first time at 3.09 million barrels per day in November.
The United States currency hit its highest nominal value since the Plano Real reform in 1994. Central Bank governor Roberto Campos Neto blamed lower-than-expected revenue from the petroleum bidding round on November 6th.
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.
Two out of the four blocks offered were acquired at the largest oil industry auction ever held.
The Brazilian state-run oil company’s Institutional Relations director Roberto Ardenghy, who joined a seminar concurrent with president Jair Bolsonaro’s trip to the UAE, also said the company is looking for partners to bid in tenders with.
Output climbed 9.3% for oil and gas, and 3% for oil and gas products quarter-on-quarter.
