News

Month: November 2019

Petrobras set to become world’s largest O&G producer by 2030

According to a report published by energy consultancy Rystad Energy, Petrobras is set to become the world’s largest O&G producer by 2030. During 2019, Petrobras has moved from the world’s fifth largest oil producer up to third place, behind Russia’s Rosneft and China’s PetroChina. Rystad estimates that Petrobras’ production of

Read More »

Exploration and production beyond 200 nautical miles

Resolution No. 23 was signed by the Presidency of the Republic on Tuesday (19). The document creates a working group (WG) that will deal with the exploration and production of oil and natural gas on the extension of the Brazilian continental shelf, as announced by Mines and Energy Minister Bento Albuquerque during the

Read More »

17th bidding round set for 2020

On Tuesday (19), President Jair Bolsonaro signed Resolution No. 24, authorizing ANP to hold the 17th Bidding Round for exploration and production of oil and natural gas in 2020. 128 blocks in the Pará-Maranhão, Potiguar, Campos, Santos and Pelotas offshore sedimentary basins will be offered up via the concession regime, totaling an area of 64.1 thousand km². The

Read More »

Geodatabase Update

As you know, Formation Pressure Analysis is essential for reservoir description, evaluation and management. With this in mind, we have begun including data interpretation from dynamic analysis of formation pressure in our Geodatabase. The data was compiled using Wireline Formation Testing and is available as pressure gradient graphs. Using these plots, it is possible to identify variations in regional pressure regimes and define the pressure behavior of areas under

Read More »

6th Pre-Salt Bidding Round Results

As for the 6th Bidding Round on Thursday (7), it covered five “high potential” exploratory blocks in the pre-salt polygon and was billed as the last auction in a cycle of lower risk blocks with high signing bonuses. As such, many of the issues from the TOR auction likely remained on

Read More »

Petrobras to sell 15 blocks in the Sergipe-Alagoas Basin

According to a note released by Petrobras last week, it has put its stakes in 15 onshore E&P blocks in the Sergipe-Alagos basin up for sale. The deal involves eight blocks owned exclusively by Petrobras, with one of them coming from ANP’s 11th bidding round, while the others stem from

Read More »

Geodatabase Update

BPS is launching a new model of Geochemical Log to substitute the old system in our Brazilian Geodatabase. The new model will incorporate gamma-ray logs together with the litho and chonoestatigraphy summaries of the sedimentary section in which the organic carbon content and Pyrolysis Rock Eval data of the rock

Read More »

6th Pre-Salt Bidding Round Results

As for the 6th Bidding Round on Thursday, it covered five “high potential” exploratory blocks in the pre-salt polygon and was billed as the last auction in a cycle of lower risk blocks with high signing bonuses. As such, many of the issues from the TOR auction likely remained on

Read More »

Brazil’s September production results

In September, oil and natural gas production in Brazil totaled 3.738 million boe per day. The Lula, Buzios and Sapinhoa fields, all in the pre-salt Santos Basin, produced 1.924 million boe/day, corresponding to about 51.5% of Brazilian production in the month. Oil production was approximately 2.927 million barrels per day,

Read More »