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Foreigners win most of the blocks offered in the 5th and final round of oil bidding

Written by Paulo Nogueira
Published 28/09/2018 às 10:53

Uncategorized

oil companies pre-salt round

Shell, Chevron, ExxonMobil, BP Energy, Ecopetrol, CNOOC Petroleum, Petrobras and QPI jointly acquired 4 pre-salt blocks in the Santos and Campos Basin

Today took place in Rio, the last round of 2018 of pre-salt block auctions by the ANP. 4 blocks were offered for production and exploration, 3 in the Santos Basin and 1 in the Campos Basin. It is estimated that 6,8 new jobs will be generated over the next 180 years. See who are the oil companies that collected and their percentages in each block:

[One_half]

Saturn block

Winner: Consortium Shell (50%) and Chevron (50%)
Oil surplus offered: 70,20%
Goodwill: 300,23%

Titan Block

Winner: ExxonMobil Consortium (64%) and QPI (36%)
Oil surplus offered: 23,49%
Goodwill: 146,48%

[/one_half]

Brazil wood block

Winner: BP Energy Consortium (50%), Ecopetrol (20%), CNOOC Petroleum (20%)
Oil surplus offered: 63,79%
Goodwill: 157,01%

Block Southwest of Tartaruga Verde

Winner: Petrobras
Oil surplus offered: 10,01%
Goodwill: 0

The week has already started with the highest increase in barrels in the last 4 years (US$ 81,87 brent) and it is expected that the price will continue to rise. Venezuela, for example, has reduced its production with the crisis (from 3 million barrels/day to 1 million by next year) and Iran has been suffering political retaliation from the American government. All this conglomerates in a competitive scenario for the Brazilian pre-salt layer and in good expectations for the auctions.

Watch the live stream of the 5th round of bidding below

For specialists, like the president of the Brazilian Petroleum Institute, José Firmo, not even our political uncertainty at the moment hinders the foreign gaze on our oil. “Brazil has always respected the contract rules in the industry, regardless of the group in the government”, he says. Twelve oil companies entered the dispute, including Petrobras, which opted to dispute one of the blocks.

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Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

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