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Oil And Gas Companies Shell And Ecopetrol To Invest R$ 136 Million With Contract Signing For 5 Oil Exploration Blocks

Written by Roberta Souza

Published on 29/03/2022 at 15:39

Oil and Gas

Foto: Reprodução Google Imagens/ Agência Brasil – EBC

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The Contracts Signed by Shell and Ecopetrol Oil and Gas Are from the 17th Bid Round on October 7 of Last Year

On Monday, 28, contracts were signed between Shell and Ecopetrol Oil and Gas regarding 5 exploratory oil blocks, acquired in the 17th Bid Round. The information was disclosed by ANP.

The forecast is that the investments made by the winning oil and gas companies will be at least R$ 136 million. In addition, a total of R$ 37 million was raised in signature bonuses.

According to ANP, Shell Brasil Petróleo and Ecopetrol Oil and Gas, as the winning companies, will individually or as a consortium obtain the rights to explore and produce natural gas and oil in the blocks S-M-1707, S-M-1709, S-M-1715, S-M-1717, and S-M-1719.

ARTICLE CONTINUES BELOW

About Shell Brasil Petróleo

Shell has been in Brazil since 1913 with the aim of meeting the energy demands of its customers, operating responsibly towards the economy, society, and the environment. Shell employs 900 people just in Brazil, having its headquarters located in downtown Rio de Janeiro and a manufacturing unit on Governor’s Island.

Shell Brasil was the first private company to produce oil on a commercial scale in the country, in the Campos Basin, after the market was opened. In Deep Waters, Shell has 31 contracts with the Brazilian government, being operators in 21 of these projects. Shell Brasil is present in the Campos, Santos, Barreirinhas, and Potiguar basins, with participation in 21 exploratory blocks in the country.

About Ecopetrol Oil and Gas

Ecopetrol is the largest oil company in Colombia, founded in 1921 as Tropical Oil Company and changed its name to Ecopetrol on August 25, 1951.

Living its expansion and internationalization, on December 12, 2006, the business group created Ecopetrol Oil and Gas do Brasil Ltda, aiming to seek investment opportunities in the country. Since then, the company has been working on various projects.

In the 11th Bid Round of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), in May 2013, Ecopetrol obtained two offshore blocks, whose concession it currently holds.

The Oil and Gas Companies Ocyan and Petrobras Sign a R$ 900 Million Contract

Since 2018, Ocyan, formerly Odebrecht Oil and Gas, resumed negotiations with Petrobras. In 2021, the oil and gas companies rekindled their relationship through a contract worth tens of millions of reais. This year, Ocyan will begin to integrate into the subsea decommissioning sector, meaning Ocyan will work on dismantling subsea equipment. To learn more, read the full article by clicking here.

Oil And Gas Companies Shell And Ecopetrol To Invest R$ 136 Million With Contract Signing For 5 Oil Exploration Blocks

The Contracts Signed by Shell and Ecopetrol Oil and Gas Are from the 17th Bid Round on October 7 of Last Year

About Shell Brasil Petróleo

About Ecopetrol Oil and Gas

The Oil and Gas Companies Ocyan and Petrobras Sign a R$ 900 Million Contract

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Oil And Gas Companies Shell And Ecopetrol To Invest R$ 136 Million With Contract Signing For 5 Oil Exploration Blocks

The Contracts Signed by Shell and Ecopetrol Oil and Gas Are from the 17th Bid Round on October 7 of Last Year

About Shell Brasil Petróleo

About Ecopetrol Oil and Gas

The Oil and Gas Companies Ocyan and Petrobras Sign a R$ 900 Million Contract

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

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