Oil production in Brazil reached 1.018 billion barrels in 2019, an increase of 7.78% YoY. As for natural gas, total production came in at 44.724 billion cubic meters for the year, an increase of 9.46%. Pre-salt production was 633.980 million barrels of oil and 25.906 billion cubic meters of natural
TGS CEO Kristian Johansen and BPS Exploration and Production Director Sidnei Rostirolla. Photo: Renato Wrobel. Last Tuesday (21), we had the pleasure of hosting more than 60 industry leaders from various oil majors at our offices in Copacabana to present our all-new 3D Petroleum Systems Modeling and Resource Assessment Study of the Deep
With the approval of important structural reforms and the government’s intention to completely overhaul the O&G agenda, Brazil’s business environment for E&P is set to take off. We expect regulatory improvements related to the pre-salt and environmental licensing, as well as increased exploration efforts, a stronger focus on the decommissioning and
Last week, we had the pleasure of attending and presenting at the first EAGE workshop on pre-salt reservoirs in Rio de Janeiro. BPS Exploration and Production Director Sidnei Rostirolla presented our recent geopressure study of the pre-salt province of the Santos and Campos basins, leading a talk on the relationship between pressure compartments, reservoir-pods, generation kitchens
Due to the oil spill that hit the Brazilian coast, mainly affecting the Northeast region, and in order to contribute to the training and preparation of companies and research institutions for emergency situations, ANP is encouraging the realization of R&D projects related to the following themes: Oil dispersion modeling in
The National Council for Energy Policy held its last meeting of the year yesterday (12/12). During the meeting, the council approved the creation of the Committee for Revitalization of Exploration and Production Activities for Oil and Natural Gas in Onshore Areas, within the sphere of the REATE 2020 Program. The
Executives from Petrobras announced that the Brazilian oil major could actually put billions more in assets up for sale over the coming years, including additional E&P assets.
BPS Exploration and Production Director Sidnei Rostirolla presented geopressure study of the pre-salt of the Santos and Campos basins
The new version of the Permanent Offer Tender is subject to public consultation as of November 29, 2019, followed by a public hearing on February 2, 2020. The current version, published in May 2019, covers 600 exploratory risk blocks and 14 areas with marginal accumulations. However, in September of this year, the 1st Permanent Offer cycle took place, during which 33 blocks and 12 areas with marginal accumulations were scooped up. Thus, the new announcement will offer 740 blocks (567 from the previous announcement and 173 new ones) and three areas with marginal accumulations (two from the previous offer and the Juruá area, which was returned to ANP by Petrobras).
Brazil’s overall production totaled 3.792 million boe/d, including approximately 2.964 million bbl of oil and 132 million m³ of natural gas. Oil production increased 1.3% MoM and 13.4% YoY, while natural gas production rose 2.1% MoM and 12.4% YoY.
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