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Category: E&P Market News

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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Petrobras finds high productivity in Jupiter

Petrobras has completed formation tests in the Jupiter pre-salt exploration area located in the Santos Basin, confirming the asset’s potential for excellent productivity and high added-value oil. According to the oil major, the formation tests carried out were responsible for analyzing the pre-salt carbonate reservoirs in the Apollonia well (3-BRSA-1246-RJS), located about

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Total throws in towel on Foz do Amazonas

Total announced yesterday (7) that it had notified its partners last month that it is resigning from its role of operator of five exploration blocks in the Foz do Amazonas Basin. The company said that it has already notified ANP of its decision to give up operatorship of the blocks,

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Pre-salt already accounts for almost 70% of national production

Last week, ANP published its Monthly Bulletin of Oil and Natural Gas Production for April. During the month, production in the pre-salt reached 2.597 MMboe/d, corresponding to 69.5% of the national total. Pre-salt production included 2.057 MMbbl/d of oil and 86 MMm3/d of natural gas across 113 wells, representing an

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Brazil’s February production results

Last week, ANP published the monthly oil and natural gas production results for February 2020. During the month, 3.783 million barrels of oil equivalent per day were produced, including 2.972 million bbl/d of oil and 129 million m³ per day of natural gas. Oil production decreased 6.2% MoM but increased

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ANP launches study on the use of natural gas from pre-salt

Last week, ANP launched a study on the use of natural gas from the pre-salt. The publication focuses on increasing the commercialization and participation of natural gas from the pre-salt in the country’s energy matrix. The study is available in Portuguese here. Coordinated by ANP, the study was developed by the

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Permanent Offer: ANP evaluating fields with marginal accumulations

ANP is evaluating fields with marginal accumulations to be included in the Permanent Offer regime. The objective is to develop an inventory and evaluate the conditions of the wells and other existing structures. The first inspections were in onshore fields Barra do Ipiranga, Jacupemba, Mariricu Oeste, Nativo Oeste, Rio Barra

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