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In The Past, PPSA—Which Represents The Union In Production Sharing Contracts—Tried To Close A Contract With Petrobras, But The Discussions Did Not Progress
The State-Owned Pré-Sal Petróleo—PPSA, expects To Close An Agreement By The End Of This Year To Hire Petrobras As The Marketing Agent For The Pre-Salt Production That Belongs To The Union, The Company President, José Eduardo Gerk, Informed This Monday, October 22, At The Company Headquarters In Rio de Janeiro. Engeman Secured A Contract With Petrobras And Chevron For Offshore Maintenance Services In RJ This Monday, 21.
“Since I Have Been Here, The Progress Of The Negotiations… With Petrobras Has Advanced, And We Hope To Reach A Good Agreement By The End Of The Year,” Gerk 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.
For PPSA, The Direct Hiring Of Petrobras To Market Oil Is Seen As The Best Option, Although New Auctions Are Not Ruled Out.
The Company Has Been Marketing Oil Volumes Through Spot Sales And Auctions And Its Current Contracts Are Sufficient For The Next Two Or Three Years.
After The Pre-Salt Auctions Scheduled For November, The Estimate Of The Union’s Oil Share In The Future Will Need To Be Revised. According To The Company President Gerk, Studies Present The Possibility Of Reaching 500,000 Barrels Of Oil Per Day (bpd) By 2028.
The Greatest Expectation With The Increase In The Current Estimate Lies In The Mega Auction That Will Auction On November 6 The Excess Volumes From The Production Sharing Agreement In The Pre-Salt Of The Santos Basin, Which Could Raise About 106 Billion Reais For The Union In Fixed Signing Bonuses, If All Four Areas Are Negotiated.
Another Auction, The 6th Pre-Salt Production Sharing Round, Is Scheduled For November 7, With Other Promising Areas On Offer.
The Advancement Of Production In The Pre-Salt Will Also Determine The Growth Rate And Hiring At PPSA. Currently, The Company Has 44 Employees And Is Preparing A Job And Salary Plan To Be Approved By The Ministry Of Economy In The First Half Of Next Year.
After Approval, The Idea Is To Prepare A Public Competition For The End Of 2020 For The Admission Of Employees In 2021. The Initial Plan Is To Hire About 50 Approved Candidates, But The Number May Increase Depending On The Speed Of Development Of The Pre-Salt Fields.
The Government Will Pay About 109 Million Reais Owed To PPSA Regarding Resources From The 4th And 5th Pre-Salt Rounds Between This Year And Next. It Also Stated That The PPSA’s Financial Position Is Comfortable For Ongoing Activities.
- SBM Is Authorized To Complete The Acquisition Of Constellation’s Stake In FPSOs In Brazil
- Government Prepares Oil Auction In The Blue Amazon
- Colombian Ecopetrol Purchases 30% Of Gato do Mato From Shell In The Pre-Salt
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