Horizonte de novos negócios para o gás natural em bloco offshore da Bacia de Campos: Aprovado acordo associativo entre Equinor e Repsol Sinopec- CPG Click Oil and Gas

New Business Horizon for Natural Gas in Offshore Block of Campos Basin: Associative Agreement Between Equinor and Repsol Sinopec Approved

Written by Kelly

Published on 04/08/2020 at 15:38

Updated on 04/08/2020 at 19:29

Pltaforma de petróleo e gás natural em alto mar/ Imagem: Divulgação

Be the first to react!

Associative Contract Between Equinor and Repsol Sinopec Approved Without Restrictions by the Administrative Council for Economic Defense (Cade)

Equinor and Repsol Sinopec are cleared to manage business for part of the natural gas reserves of block BM-C-33, in the offshore Campos Basin. The associative contract between the two global oil giants was approved this Tuesday (03/08) by the Administrative Council for Economic Defense (Cade).

Read Also

According to the companies, the block in the Campos Basin is in the commercial viability assessment phase and that future activities of the concession are significantly influenced by the recognition of economically viable means for marketing natural gas production.

“The operation encompasses the joint prospecting and evaluation of potential clients, as well as the establishment of commercial conditions to be observed for joint negotiation, which may result in the formalization of long-term gas supply contracts (‘gas sales agreements’ or ‘GSAs’), individual for each applicant,” the oil companies stated.

ARTICLE CONTINUES BELOW

Cade Sees No Risks to Competition in the Natural Gas Market

Cade explained that it sees no risks from the association between the companies on competition impacts, considering “the tiny market shares in the natural gas production of the Repsol Group and Equinor Group in Brazil.”

Equinor and Repsol Sinopec informed the agency that the long-term sale of gas reserves from the block should have a “direct impact” on their ability to make viable the investments needed for developing commercial discoveries in the concession.

The Offshore Asset BM-C-33 Operated by Equinor and Other Companies in the Campos Basin

Equinor has been operating since September 2016 and holds a 35% stake in block BM-C-33, located 2,900 meters below the water surface in the Campos Basin. The block was acquired in the seventh bidding round (in 2005) and the partnership also includes Repsol (35%) and Petrobras (30%).

In the block, currently in the exploration phase, three discoveries have been made in the pre-salt: Seat (2010), Gávea (2011), and the major gas and condensate discovery of the Pão de Açúcar prospect, announced in 2012.

A total of four offshore evaluation wells have been drilled in the block, confirming a total recoverable hydrocarbon volume estimated at around 1 billion barrels of oil equivalent.

New Business Horizon for Natural Gas in Offshore Block of Campos Basin: Associative Agreement Between Equinor and Repsol Sinopec Approved

Associative Contract Between Equinor and Repsol Sinopec Approved Without Restrictions by the Administrative Council for Economic Defense (Cade)

Read Also

Cade Sees No Risks to Competition in the Natural Gas Market

The Offshore Asset BM-C-33 Operated by Equinor and Other Companies in the Campos Basin

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Astronomers discover black hole wind traveling at 323 million km/h, a speed equivalent to 30% of the speed of light and considered a record.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

A man went to the supermarket in China with the salary of a single day’s work, and what he put in the cart will make any Brazilian question why they pay so much to eat so little.

While scientists test giant balls on the seabed, a startup wants to sink concrete and steel tanks held by cages filled with stones up to 700 meters deep to transform compressed air into an invisible underwater battery.

Former NASA engineer transforms drones into “seed helicopters” capable of firing 300 balls per minute, targeting degraded areas with half-meter precision, and planting up to 40 million trees per year in a new race for aerial reforestation.

The La Galerie Nortis, a real estate launch by developers Cyrela and Nortis in Moema, São Paulo, arrives with apartments featuring 4 suites ranging from 283 to 416 square meters, an estimated gross development value of R$ 765 million, and the proposal to redefine the high standard in the region.

New Business Horizon for Natural Gas in Offshore Block of Campos Basin: Associative Agreement Between Equinor and Repsol Sinopec Approved

Associative Contract Between Equinor and Repsol Sinopec Approved Without Restrictions by the Administrative Council for Economic Defense (Cade)

Read Also

Cade Sees No Risks to Competition in the Natural Gas Market

The Offshore Asset BM-C-33 Operated by Equinor and Other Companies in the Campos Basin

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Astronomers discover black hole wind traveling at 323 million km/h, a speed equivalent to 30% of the speed of light and considered a record.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

Bank of Japan raises interest rates to 1%, reaching the highest level in over three decades

ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.

Oil spill in the Caribbean raises environmental alert and increases tension between Venezuela and Trinidad and Tobago

More than 40 Petrobras platforms enter the decommissioning queue and open up a billion-dollar industry in Brazil for cranes, special ships, underwater cutting, and offshore recycling.

ANP schedules oil auctions in October and reinforces regulatory predictability for concessions, sharing, and investments in the oil and gas sector

A man went to the supermarket in China with the salary of a single day’s work, and what he put in the cart will make any Brazilian question why they pay so much to eat so little.

While scientists test giant balls on the seabed, a startup wants to sink concrete and steel tanks held by cages filled with stones up to 700 meters deep to transform compressed air into an invisible underwater battery.

Former NASA engineer transforms drones into “seed helicopters” capable of firing 300 balls per minute, targeting degraded areas with half-meter precision, and planting up to 40 million trees per year in a new race for aerial reforestation.

The La Galerie Nortis, a real estate launch by developers Cyrela and Nortis in Moema, São Paulo, arrives with apartments featuring 4 suites ranging from 283 to 416 square meters, an estimated gross development value of R$ 765 million, and the proposal to redefine the high standard in the region.