Petrobras started a long-term test in the Farfan area, located approximately 70 kilometers from the coast of Sergipe. The purpose of the test is to evaluate the production behavior of the reservoir and the characteristics of its oil. The information collected will support the next steps of the Sergipe Deep-Water

Last week, ANP approved the first reduction in the royalty rate on the incremental production of a mature field, as provided for in ANP Resolution No. 749/2018. The incentive was granted to the Polvo field in the Campos Basin, operated by PetroRio, as part of the approval of the revision of

Last Monday (2), the Ministry of Mines and Energy (MME) published the report from the working group that is evaluating the rules for exploration and production on the Continental Shelf beyond 200 nautical miles, where Brazil has exclusivity for economic exploitation. According to the working group, there are no obstacles

Last week, ANP approved today the public consultation regarding the Environmental Study (EAAS) of the Sergipe-Alagoas offshore sedimentary basin for 90 days, in addition to authorizing the realization of public hearings in Salvador (BA), Maceió (AL), Aracaju (SE) and Recife (PE), with the local community, authorities and other interested parties.  The

On Tuesday (4), ANP held a public hearing to debate the new version of the Permanent Offer statute, which aims to improve the regime’s rules and include 173 blocks and one area with marginal accumulations (Juruá in the Solimões Basin). The Permanent Offer is the bidding model in which there is

On Wednesday (5), President Jair Bolsonaro signed a bill to regulate resource extraction and electricity generation on indigenous lands. The text will now be analyzed by Congress. Mineral and water exploration is provided for in the Federal Constitution, but it has never been regulated. The regulation of mining and other extraction

Petrobras continues to expand its 2020-2024 divestment plan, adding four exploration and production assets since the start of the year. This time around, it was two exploration blocks in the highly prospective Pará-Maranhão Basin, which displays major similarities to the huge equatorial margin discoveries off the coasts of Guyana and

***The following is a free translation of the resignation letter submitted by ANP Director Decio Oddone earlier this month*** His Excellencies President of the Republic Jair Bolsonaro and Minister of Mines and Energy Bento Albuquerque, The oil, gas and biofuels industry in Brazil is experiencing a unique moment. In 2016, when I

The government will reduce the value of the signing bonus or decrease the percentage of oil sharing required for the Sépia and Atapu pre-salt oil fields, according to Special Secretary for Finance Waldery Rodrigues. The two fields did not receive offers during the Transfer of Rights mega auction last year.

Earlier this month, Petrobras took a step forward in the sale of its participation in two deep-water concessions in the post-salt, Polo Golfinho and Polo Camarupim in the Espírito Santo Basin. The move is in accordance with Petrobras’s divestment guidelines, aiming to optimize its portfolio and improve capital allocation in