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

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.

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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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

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