Petrobras Announces Increased Investments in Northern Brazil Due to High Potential in the Brazilian Equatorial Margin

Written by Valdemar Medeiros

Published on 28/09/2020 at 09:59

colaboradores offshore da Petrobras

Be the first to react!

After Agreement With Total E&P to Take Over Operations in Ultra-Deep Waters in Northern Brazil, Petrobras Announces Leverage of Exploratory Investments in Amapá.

In 2018, the Brazilian environmental agency IBAMA rejected Total’s request for an environmental license to drill in the northern basin, 120 kilometers (74.56 miles) off the coast of Brazil, for the fourth time alongside Petrobras. Geologists said the area could hold up to 14 billion barrels of oil, more than all the proven reserves in the Gulf of Mexico.

Oil Exploration in the Mouth of the Amazon

Environmentalists tried to prevent oil exploration in the Mouth of the Amazon after a huge coral reef was discovered nearby. Total, which invested and led a group including the British BPC and Petrobras in purchasing exploration blocks in the northern area, stated in early September that it would relinquish its role as operator of the project.

The environmental organization Greenpeace said on Monday that the Amazon River reef would definitely be spared if BP and Petrobras also withdrew from the project.

ARTICLE CONTINUES BELOW

About Total Group in Brazil and Its Investments with Petrobras

Total Group began its presence in Brazil more than 40 years ago, in 1975. They currently operate through six subsidiaries in the country in the segments of Exploration and Production, Marketing and Services, Refining and Chemicals, and Gas, Renewables and Energy.

The Group has about 3,000 professionals committed to providing better energy in Brazil. Total is present in Brazil through six branches. Total E&P of Brazil operates in the Exploration and Production sector and has a broad and diversified portfolio consisting of 21 offshore blocks, focusing on deep offshore.

The company’s main investments in the country are the Lapa field, where Total became the first international company to operate a producing field in the Santos Basin, the pre-salt, the Libra field, and the Iara block, all located in the pre-salt of the Santos Basin, as well as the CM-541 block in the Campos Basin, acquired by Total in 2019. In 2017, Total sealed the Strategic Alliance with Petrobras to promote technical cooperation between the two companies, undoubtedly one of the best investments ever made.

Petrobras Announces Increased Investments in Northern Brazil Due to High Potential in the Brazilian Equatorial Margin

After Agreement With Total E&P to Take Over Operations in Ultra-Deep Waters in Northern Brazil, Petrobras Announces Leverage of Exploratory Investments in Amapá.

Read Also

Oil Exploration in the Mouth of the Amazon

About Total Group in Brazil and Its Investments with 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.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

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.

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.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Viaduct used every day by cars, buses, and pedestrians in the center of a São Paulo city becomes a legal case after a report indicates “imminent danger,” cracks, corrosion, and high lethality risk.

Project created by a UFS student defeats European competitors in an engineering award held in Paris and highlights the advancement of Brazilian science with an innovative solution, developed in a public academic environment and recognized by international experts in the technological field.

The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

Petrobras Announces Increased Investments in Northern Brazil Due to High Potential in the Brazilian Equatorial Margin

After Agreement With Total E&P to Take Over Operations in Ultra-Deep Waters in Northern Brazil, Petrobras Announces Leverage of Exploratory Investments in Amapá.

Read Also

Oil Exploration in the Mouth of the Amazon

About Total Group in Brazil and Its Investments with 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.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

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.

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.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

While Brazil sits on the pre-salt and still imports diesel, Turkey, which produces almost no oil, crossed half the world to drill 7,500 meters below the sea in Somalia in search of its own fuel.

Why didn’t oil reach $150 even after three months of the Strait of Hormuz being closed?

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.

Viaduct used every day by cars, buses, and pedestrians in the center of a São Paulo city becomes a legal case after a report indicates “imminent danger,” cracks, corrosion, and high lethality risk.

Project created by a UFS student defeats European competitors in an engineering award held in Paris and highlights the advancement of Brazilian science with an innovative solution, developed in a public academic environment and recognized by international experts in the technological field.

The seemingly endless sand is disappearing: the world extracts 50 billion tons per year from rivers and beaches, a volume comparable to 19,000 pyramids of Giza, while mafias profit, islands disappear, and city concrete is threatened until 2050.

Scientists drill 8,000 feet of ice in Antarctica and race against time before the hole freezes over again to bury the world’s deepest seismometers and turn the South Pole into a giant ear for earthquakes across the entire planet.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.