News

Month: January 2021

The Santos Basin still has a lot in store

Production in the giant pre-salt province of the Santos Basin only started with the Tupi field about 10 years ago. In the years since, it has grown into one of the most prolific basins in the world, delivering almost 2.3 million boe/d in December 2020 (around 1.8 million bpd of

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Giant oil finds in Guyana and Suriname suggest that the Deep-Water Equatorial Margin of Brazil could be the world’s next exploration frontier

Until recently, the deep-water areas along the Brazilian Equatorial Margin had been overlooked by the oil industry, but the recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area. These discoveries, which

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Record production in 2020

Petrobras informed the market on Thursday, 7, that it set an annual production record in 2020. According to the document released by the Brazilian oil major, it recorded a production of 2.28 million bpd of oil and 2.84 million boed. The previous records occurred in 2015, with 2.23 million bpd

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Brazil ends 2020 with 12 new onshore fields declared commercial

According to data from ANP, Brazil saw 12 declarations of commerciality for onshore fields in 2020. Five of the assets are located in the Recôncavo basin: Itaparica and Paramirim do Vencimento, which are operated by Newo Óleo e Gás; Vale do Quiricó (Energizzi Energias do Brasil); Araçás Leste (Guindastes Brasil

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CNPE approves 92 offshore blocks for 17th bidding round

The National Energy Policy Council, or CNPE, approved 92 offshore exploration and production concession blocks for sale at the country’s pandemic-delayed 17th bidding round slated for October, ANP said on the 7th. “There will be 92 blocks offered in the offshore sedimentary basins of Potiguar, Campos, Santos and Pelotas,” the

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ANP releases November 2020 production data

National production in November totaled 3.550 million boe/d, with 2.755 million bbl/d of oil and 126 million m³/d of natural gas. Oil production decreased 4.1% compared to the previous month and 10.9% compared to November 2019. As for natural gas, it dropped 2.8% in relation to October and 7.5% compared

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Enauta opts to take over Atlanta after Barra exits

Closing out 2020, Enauta recently announced that it has decided to take over full ownership of the working interest in Block BS-4, where the producing Atlanta field is located. The company opted to take over an additional 50 percent interest in the offshore block in the Santos Basin from its

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Petrobras finds more oil in Buzios

Petrobras has found oil in well 9-BUZ-48D-RJS drilled in the Santos Basin’s Búzios field.  The well is located 188 km off the coast of the city of Rio de Janeiro at a water depth of 1,850 meters. According to the Brazilian oil major, tests carried out at a depth of

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