Day: October 1, 2019

Petrobras production unit shut down due to irregularities

An oil production unit supporting the operations of Petrobras has been paralyzed since September 19 due to regulatory issues. The nature of the irregularities remains unclear. However, the operator (Modec) said the stoppage resulted from Operation Black Gold, a joint operation between a range of authorities, including the Brazilian federal police and labor

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Oil washes up on Brazil’s northeast coast

Brazil’s environmental agency IBAMA said last Thursday (26) that analysis of a vast oil spill along the country’s northeastern beaches showed the crude did not originate in the country. The spill spans over 1,500 km of Brazil’s northeast coast, affecting wildlife and polluting some of the region’s postcard beaches. ANP believes the oil could

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6th pre-salt bidding round set for November 7

Five blocks across a total area of about 8,640 km² in the pre-salt Campos and Santos sedimentary basins will be on offer in the 6th pre-salt bidding round on November 7. The concession agreements resulting from the round are expected to be signed by March 2020. ANP has announced the auction will take place under the

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Stage set for Transfer of Rights mega-auction

Last Wednesday (25), Finance Minister Paulo Guedes finalized an agreement with leaders of the National Congress to slice up the proposed legislation for the Transfer of Rights mega-auction, clearing the last legislative hurdle and guaranteeing the auction will go ahead as planned. It was agreed that only the text that allows for the

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Senator puts Foz do Amazonas drilling licenses back in the spotlight

During a session of the National Congress on Thursday (26), Senator Lucas Barreto demanded the government intervene in the issuance of exploration licenses for deep-water blocks in the Foz do Amazonas basin, stating that the presence of coral in the region is “fake news”. Without mentioning Total directly, the senator referred to

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See you in Houston!

BPS and its partners BTI (US) and Gems (CO) submitted eight abstracts for the Theme 3 session on Geochemistry, Basin Modeling and Petroleum Systems of ACE 2020 in Houston on June 7-10. More than 200 abstracts covering all aspects of the elements and processes that make up the Petroleum System Approach were

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Putting the Environment First

In today’s scenario of environmental activism, it has become more important than ever to operate in harmony with the environment and society. This is especially true in Brazil. Contrary to what some might think, Brazil has stringent and prescriptive regulation for sectors with the potential to generate adverse impacts on

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BPS Geodatabase Update

BPS is always working to enhance its database. We are currently focused on optimizing the filter queries for geochemical data assessment, along with inserting new functionalities for production forecasting of Brazilian fields using ARPS decline curve analysis, reservoir characterization and formation pressure analysis. Following suggestions from our subscribers, we have implemented the following

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