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Contracts For 12 Offshore Fields Operated By Petrobras Are Being Evaluated By ANP

Written by Paulo Nogueira
Published on 24/06/2019 at 16:20
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The National Petroleum Agency – ANP is Evaluating the Renewal of Contracts for 12 Offshore Fields Operated by Petrobras

The renewal of the contract for the Roncador field located in the Campos Basin is being analyzed by the National Petroleum Agency – ANP. For the contract to proceed, approval of new investment plans in the fields is necessary. The field is operated by Petrobras, which holds 75% of the asset, while its partner Equinor holds 25%.

The partnership between Petrobras and Equinor, formerly Statoil, in the Roncador field project in the deep waters of the Campos Basin began on June 15, 2018. The Norwegian company obtained a 25% stake in the field, paying Petrobras US$ 2 billion. Another US$ 550 million contingent was invested in projects to increase the field’s recovery.

Roncador is the third-largest oil producer in the country, surpassed only by Lula and Sapinhoá, which are pre-salt fields in the Santos Basin.

Learn about the twelve offshore fields operated by Petrobras, with contract renewals being analyzed by the ANP, which together produce more than 270,000 barrels/day and 7 million m³/day of gas.

  • Roncador
  • Barracuda
  • Caratinga
  • Albacora Leste
  • Espadarte
  • Paru
  • Manati
  • Pampo
  • Enchova
  • Enchova Oeste
  • Marimbá and Bonito

The assets Pampo, Enchova, Enchova Oeste, Marimbá, and Bonito belong to the shallow-water hubs Enchova and Pampo, which are part of the state-owned company’s divestment plan. On June 5, they informed about the final offers received of more than US$ 1 billion for their sale.

The contract extensions approved by the ANP will yield US$ 18 billion in investments. The agency has already approved the extension of the concession period for nine fields. Of these, six are offshore fields (Marlim, Marlim Leste, Marlim Sul, Frade, Voador, and Ubarana).

Petrobras Pays 700 Million Dollars to Cancel Drill Contract

On Friday, June 21, Petrobras paid Vantage Drilling approximately US $ 690.8 million following a ruling in the Federal Court of Texas, in the United States.

According to the state-owned company, the payment does not end the litigation, as the Brazilian oil company has appealed the decision, but it ceases the accrual of interest on the judgment and allows for the lifting of precautionary asset freezes on the company and its subsidiaries in the Netherlands.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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