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All of this should generate investments of R$ 300 or R$ 400 billion. Oddone also highlighted the revitalization of the mature oil fields in the Campos Basin.
On Tuesday, October 29, the general director of ANP, Décio Oddone, reported that an average of 60 oil platforms are expected to be installed in the Brazilian offshore with the new oil auctions to be conducted by the Agency. The executive’s statement was made during a breakfast at OTC Brasil 2019. In parallel, Petrobras wants to find buyers for its refineries in the Gulf.
“All of this should generate investments of R$ 300 or R$ 400 billion. It is transformative for the industry as a whole,” Oddone stated.
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Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
The need is proportional to the recent rounds and those scheduled for 2019 and 2020, including the surplus from the onerous assignment and the 6th pre-salt round, scheduled for November 6.
In a short time, the Agency will publish the resolution that defines rules for the decommissioning of fields and platforms, Oddone reported.
Onshore activities and shallow water operations in Brazil will be unlocked due to reserve based lending, along with the regulation and the reduction of royalties for incremental production from mature oil fields.
- Oil Market Heats Up and 400 Thousand Jobs Are Already Predicted.
- Focusing on the Pre-Salt, Petrobras Accelerates Decommissioning in the Campos Basin
- 50 Thousand Jobs Will Be Created in Rio de Janeiro with the Decommissioning of 21 Platforms in the Campos Basin
A reserve based lending operation is one in which the value of the financing is determined by the present value of the reserves to be produced and the debt repayment is made with the proceeds from the sale of produced oil and gas. The measure was regulated by ANP this year.
The executive also emphasized the revitalization of the mature oil fields in the Campos Basin and the Agency’s decision to give Petrobras a deadline to define what it will do with 250 fields in shallow waters in the Northeast.
“We are going to see this industry reborn. After decades, we are witnessing the replacement of a monopoly with an industry,” he commented.
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