News

Read the Latest BPS and E&P Market News

Petrobras goes ultra-deep in the Northeast

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

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ANP launches public hearings on Sergipe-Alagoas environmental study

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

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More blocks headed for permanent offer

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

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Petrobras puts Pará-Maranhão exploration blocks up for sale

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

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ANP Director Decio Oddone submits resignation

***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

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Changes on the way for Sépia and Atapu

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.

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Petrobras eyes Espírito Santo exit

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

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Brazil sets new production record in 2019

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

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BPS and TGS presented the 3D PSM study of the Sergipe-Alagoas Basin

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

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2020: What to expect for Brazil’s E&P industry

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

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BPS presents geopressure study at first EAGE workshop on pre-salt reservoirs

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

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ANP to prioritize analysis of environmental R&D&I projects

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

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