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The CEO Of Chevron Brazil, Mariano Vela, Said That The Company Has Plans For The Next Oil And Gas Auctions And Aims For The Success Of Pre-Salt Exploration
Last Thursday, the president of Chevron Brazil, Mariano Vela, stated that the company continues to have plans for future acquisition opportunities in the oil and gas auctions in Brazil. The CEO of Chevron said that despite the energy transition towards a low-carbon economy, where many companies in the oil and gas sector are adhering, the window of opportunities for investments in the Brazilian oil industry is still open. See also: Oil and Gas Company, Altera&Ocyan, Opens Several Internship Positions in Rio de Janeiro
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The Opportunities Of Chevron In The Oil And Gas Sector In Brazil
Mariano Vela said that Chevron’s future in Brazil is clearly focused on the success of pre-salt exploration and he also mentioned that they continue to evaluate future opportunities. The announcement of Chevron’s plans was made during an online event promoted by IBEF – Brazilian Institute of Finance Executives.
The president of Chevron Brazil also commented on the opportunities present in the 17th Round of exploratory block concessions, scheduled for October, and in the auction of the surplus from the onerous assignment of Sépia and Atapu, in the pre-salt, expected for December this year. Mariano also mentioned the size of Brazil’s opportunities, which is very attractive for Chevron, and that the pre-salt assets are at the “top of global rankings” in resource discovery potential.
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Energy Transition Related To The Oil And Gas Sector
Mariano also mentioned the energy transition and said that Chevron recognizes that oil and gas will continue to be very important for several decades and it is important to acknowledge that in Brazil, the opportunity exists and that the window is still open. Vela also emphasized the importance of ensuring the competitiveness of the oil industry worldwide.
In the same line of thought, Andre Araujo, president of Shell Brazil, said that major oil companies will seek oil and gas locations where the rules are stable and clear. He emphasizes that they need to find a way to competitiveness in an environment where companies will have an investment ceiling and competition for capital with various alternatives.
See Also: Chevron Closes Gas Field Tamar Amidst Disturbances In Israel
A Chevron spokesperson confirmed in an email to Offshore Energy that the company had shut down the Tamar platform and depressurized it according to the instructions from the country’s Ministry of Energy. According to Reuters, Israel has conducted hundreds of airstrikes in Gaza and Palestinian militants have fired several rockets at Tel Aviv and the city of Beersheba in the south of the country, the most intense hostilities in the region in years.
Chevron took over the Tamar and Leviathan gas fields after acquiring Noble Energy in October 2020. The Leviathan field, Israel’s largest, began production in 2019. The gas is exported to Jordan and Egypt as well as supplied to the local market.
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