Petrobras Expands Its Presence in the Pelotas Basin by Acquiring 29 Blocks from Brazilian Oil Company (Petroquímica).

Written by Paulo Nogueira

Published on 13/12/2023 at 20:44

Be the first to react!

Petrobras Acquires 29 Blocks in the Pelotas Basin in the Fourth Permanent Offering Cycle of Concession, with Geological Potential and 20 Thousand km².

The acquisition of 29 blocks by Petrobras in the Pelotas Basin in the fourth Permanent Offering Cycle of Concession from ANP strengthens the company’s presence in the oil exploration.

Furthermore, the partnership with CNOOC Petroleum Brazil and Shell Brazil Petroleum in the acquisition of blocks PM-1739, PM-1737, and PM-1797 is a strategy of Empresa Brasileira de Petróleo to boost its operations in the region, reinforcing its role as an operator in these ventures, with a 50% stake.

Petrobras Announces Fourth Permanent Offering Cycle of Concession

The company will pay R$ 116 million in signature bonuses, representing less than 1% of the investments approved in the Strategic Plan 2024-2028 and already foreseen in the plan.

ARTICLE CONTINUES BELOW

Petrobras and the Selective Strategy

Petrobras acted selectively in the auction, reflecting the strategy to reshape its exploratory portfolio through new frontiers with geological potential.

The Role of Petrobras in the Market

Currently, almost 80% of Petrobras‘ production is concentrated in the pre-salt, which remains the company’s main asset, with higher quality oil production and lower greenhouse gas emissions.

Expansion of Petrobras’ Portfolio

The 29 new blocks add to the 47 blocks currently held by the company, adding more than 20 thousand square kilometers to the previous portfolio of about 30 thousand square kilometers.

The Vision of Petrobras’ CEO

‘New frontiers, such as the blocks acquired today, are essential to meet energy demand. We seek to replenish reserves and develop new exploratory frontiers that ensure energy demand is met during the energy transition with the lowest possible carbon footprint’, said Petrobras’ CEO, Jean Paul Prates.

Future Developments of Petrobras

Abroad Industry News Oil and Gas

Source: AtCoMedia, Inc

Petrobras Expands Its Presence in the Pelotas Basin by Acquiring 29 Blocks from Brazilian Oil Company (Petroquímica).

Petrobras Acquires 29 Blocks in the Pelotas Basin in the Fourth Permanent Offering Cycle of Concession, with Geological Potential and 20 Thousand km².

Petrobras Announces Fourth Permanent Offering Cycle of Concession

Petrobras and the Selective Strategy

The Role of Petrobras in the Market

Expansion of Petrobras’ Portfolio

The Vision of Petrobras’ CEO

Future Developments of Petrobras

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

End of bricklayers laying brick by brick: robot places more than 2,000 bricks per day, automatically applies cement, works with only one human operator next to the machine, and transforms traditional masonry into a high-speed semi-automated operation.

In Japan, a 40 by 60-meter concrete museum without pillars rises like a floating drop, allowing wind, light, and rain inside the space and surprising architects and engineers with the delicacy of the structure.

The sea has stopped just warming and has started pushing storms towards the continent: marine heatwaves are already entering the path of up to 25% of extreme coastal rains and can increase storms by 30%, worsening floods on the coast.

While traditional constructions rely on tons of concrete to support weight, in England an abandoned site was converted into transparent hexagonal domes, combining lightweight engineering and mine repurposing, transforming the landscape and local tourism.

The bridge that collapsed in seconds after being hit by a ship in Baltimore will be reborn as a cable-stayed bridge: Maryland signed $4.8 billion in four contracts for a 508-meter span specifically designed to withstand the impact of a giant cargo ship.

Petrobras Expands Its Presence in the Pelotas Basin by Acquiring 29 Blocks from Brazilian Oil Company (Petroquímica).

Petrobras Acquires 29 Blocks in the Pelotas Basin in the Fourth Permanent Offering Cycle of Concession, with Geological Potential and 20 Thousand km².

Petrobras Announces Fourth Permanent Offering Cycle of Concession

Petrobras and the Selective Strategy

The Role of Petrobras in the Market

Expansion of Petrobras’ Portfolio

The Vision of Petrobras’ CEO

Future Developments of Petrobras

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

Farmer drills well in Ceará in search of water, accidentally finds crude oil and sees million-dollar discovery hindered by a rule that completely changes the future of the site.

Family finds oil on a 49-hectare site in Ceará, but exploration has no timeline or guarantee of happening

When drilling an artesian well, a farmer wanted water but found oil: ANP confirms that the dark liquid found by a farmer on a site in Ceará is crude oil.

European stocks rise with oil drop after Trump’s remarks on Iran as investors monitor global tension

While the Brazil-Peru rail has been under study for 11 years, China-Brazil unlock the $18.5 billion bi-oceanic corridor Manaus-Chancay to challenge the Panama Canal

End of bricklayers laying brick by brick: robot places more than 2,000 bricks per day, automatically applies cement, works with only one human operator next to the machine, and transforms traditional masonry into a high-speed semi-automated operation.

In Japan, a 40 by 60-meter concrete museum without pillars rises like a floating drop, allowing wind, light, and rain inside the space and surprising architects and engineers with the delicacy of the structure.

The sea has stopped just warming and has started pushing storms towards the continent: marine heatwaves are already entering the path of up to 25% of extreme coastal rains and can increase storms by 30%, worsening floods on the coast.

While traditional constructions rely on tons of concrete to support weight, in England an abandoned site was converted into transparent hexagonal domes, combining lightweight engineering and mine repurposing, transforming the landscape and local tourism.

The bridge that collapsed in seconds after being hit by a ship in Baltimore will be reborn as a cable-stayed bridge: Maryland signed $4.8 billion in four contracts for a 508-meter span specifically designed to withstand the impact of a giant cargo ship.