LogIn LogOut

​​​​Petrobras Wants to Operate 3 Blocks in 6th Pre-salt

January 14, 2019

© Ranimiro / Adobe Stock
© Ranimiro / Adobe Stock

Brazil state-run oil firm Petroleo Brasileiro SA said on Monday it plans to exercise its preferential rights to operate three blocks in the next pre-salt deep water auction, due later this year, under a production-sharing contract scheme.

In a statement, Petrobras said it had told the National Council for Energy Policy (CNPE) that it wanted to operate, with a 30 percent stake, the Aram, Norte de Brava and Sudoeste de Sagitário blocks. It said the fixed signing bonus would be equivalent to 1.845 billion reais ($499 million).

Petrobras added that it could increase its stake from 30 percent by forming a consortium to participate in the bidding.

Besides the three blocks in question, the sixth pre-salt deep water auction will also offer Cruzeiro do Sul and Bumerangue fields.

"In relation to areas where Petrobras has not exercised its preferential right, the company may participate on an equal footing with other bidders, whether acting as operator or non-operator," it said.

($1 = 3.6978 reais)

(Reporting by Marta Nogueira, Editing by Rosalba O'Brien)



Current News

Philippines Defends Malampaya Gas Deal with Duterte's Ally after Graft Complaint

Philippines Defends Malampaya Gas Deal with Duterte's Ally after Graft Complaint

Seismic Survey: Bluepulse from Sercel Designed for 'Sensitive' Marine Areas

Seismic Survey: Bluepulse from Sercel Designed for 'Sensitive' Marine Areas

Intellian, Inmarsat Launch New FleetBroadband Terminals

Intellian, Inmarsat Launch New FleetBroadband Terminals

Indonesia Cuts Oil and Gas Production Targets

Indonesia Cuts Oil and Gas Production Targets

Report: As Power Crisis Worsens, India Presses Qatar for Delayed LNG Cargoes

Report: As Power Crisis Worsens, India Presses Qatar for Delayed LNG Cargoes

Opinion: Global Oil Market is Tight, Despite what Producers Say

Opinion: Global Oil Market is Tight, Despite what Producers Say

Several Workers Injured in Refinery Fire in Kuwait

Several Workers Injured in Refinery Fire in Kuwait
photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com