PetroRio's Focus in 2020 Will Be on the Campos Basin, with Extraction Costs That Could Reach 5 Dollars per Barrel

PetroRio’s Focus in 2020 Will Be on the Campos Basin, with Extraction Costs That Could Reach 5 Dollars per Barrel

Written by Paulo Nogueira

Published on 20/05/2020 at 12:54

Updated on 20/05/2020 at 12:55

OSX-3 FPSO e o CEO da PetroRio Roberto Monteiro

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PetroRio CEO Says Focus in 2020 on Integration of Tubarão Martelo Field

The independent Brazilian oil company PetroRio will focus this year on integrating the Tubarão Martelo field with the Polvo field in the Campos Basin.

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PetroRio announced the acquisition of the offshore Tubarão Martelo field from Dommo Energia and the production unit in the area (OSX-3 FPSO) in February and expects regulatory approvals for the purchase in the coming months.

“It is more efficient in terms of operational investment to focus on this connection now. We will be able to add new reserves at costs around five dollars per barrel, so that is our priority,” said CEO Roberto Monteiro in a conference call about the first quarter results on Monday.

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PetroRio’s Focus in 2020 Will Be on the Campos Basin, with Extraction Costs That Could Reach 5 Dollars per Barrel

PetroRio CEO Says Focus in 2020 on Integration of Tubarão Martelo Field

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PetroRio’s Focus in 2020 Will Be on the Campos Basin, with Extraction Costs That Could Reach 5 Dollars per Barrel

PetroRio CEO Says Focus in 2020 on Integration of Tubarão Martelo Field

A Few More Topics Related to the Offshore and Naval Market

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Brazil filled the Northeast with wind turbines but now faces the side effect of 705 giant blades reaching the end of their lifespan by 2032 just in Rio Grande do Norte, while the world projects 43 million tons of waste by 2050.

India approved the country’s first submerged road-rail tunnel, 15.8 kilometers dug under the bed of the Brahmaputra River.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

In just one cast, fishermen are surprised to capture 14,096 mullets in Bombinhas and close a historic season with 58,000 fish; scene recorded in the Santa Catarina paradise marks the last day of the 2026 season.

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