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
Don’t Shoot the Messenger The huge expectations for last week’s Transfer of Rights (TOR) and 6th Pre-Salt bidding round came crashing down as global oil majors opted to sit them out. It started on Wednesday, when the TOR auction that had been hyped for months turned into a flop, with
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
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
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
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,
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