Amidst the oil crisis and the pandemic, here comes some good news! Licensing is progressing to drill around 17 wells by the American oil and gas multinational ExxonMobil, in the Campos and Santos basins. Not everything is rosy, Diamond Offshore requests bankruptcy in the USA and drags its subsidiary in Brazil.
Read Also
- Project for Reestablishment of Embraer is Under Review in the Senate
- Petrobras’ Gross Debt for 2020 is US$ 87 billion
- Information that Petrobras is Offering Free Fuel is a Scam
The Environmental Impact Report for the campaign of blocks BM-C-753, BM-C-789 (concession, in Campos), BM-S-536, BM-S-647 (concession, in Santos) and Titã (sharing, in Santos) was delivered this week by the American company.
-
Rio could lose up to R$ 21 billion per year due to the STF’s decision on oil royalties, and the impact could affect the economy, tourism, and services.
-
The rise in oil prices puts Brazil in a strategic advantage and projects a trade surplus of US$ 90 billion, boosting exports and creating a highly favorable and unexpected economic scenario.
-
IMF issues global warning: war could push the world into recession and oil prices could soar above $110.
-
Oil returns to the center of global strategy with Repsol’s resurgence in Venezuela.
The schedule calls for drilling two firm wells, which will be Titã and BM-C-789, between July and January 2021.
Subsequently, depending on the results obtained throughout the campaign, the oil company may drill up to 15 oil wells in the Campos and Santos basins.
In ExxonMobil’s current planning, the West Saturn rig (Seadrill) is scheduled for drilling. Logistics in Niterói (Nitshore and Brasco) and São João da Barra (Porto do Açu).

by – epbr
Review – Petrobras Raised Its Production Level from April to 2.26 Million Barrels of Oil Per Day
The Petrobras has revised the value of its production forecast for April this year. Previously, the company had announced its intention to reduce its production to 2.07 million barrels of oil per day.
Now, the company has revised the O&G market scenario and raised its production to 2.26 million barrels of oil per day.
The decision to reduce production is due to the decline in global oil demand because of the coronavirus.
In the same announcement at the beginning of April, Petrobras had also stated that it would reduce the utilization factor of its refineries from 79% to 60%.

Seja o primeiro a reagir!