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The Mero and Sapinhoá Fields Went to Petrobras, While the French Company Took the Lula Field in This Friday’s Auctions
Petrobras and Total jointly acquired 3 lots of pre-salt oil belonging to the Union in the auction conducted by PPSA, which took place today (Friday) in São Paulo. Brazil’s state oil company secured 3 years of production from Sapinhoá and Mero. The French operator holds 1 year of production related to the Lula field.
According to the Union, the Mero Field area is expected to produce about 10.6 million barrels of oil in fixed volume for the institution. For Sapinhoá, the estimated quantity in the same timeframe is 600 thousand barrels of oil. Total will have to provide 1.1 million barrels from its production during the Lula Field period.
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Haiti’s capital is experiencing an energy and construction crisis, facing blackouts, a blocked port, and buildings at risk after years of instability and a significant earthquake.
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Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
Four oil companies participated in these PPSA auctions: Petrobras, Shell, Repsol Sinopec, and Total. It is noteworthy that Pré-Sal Petróleo (PPSA) is a non-dependent Brazilian state company.
Petrobras States It Will Make a Profit This Quarter
The new president of Petrobras, Ivan Monteiro, presents the estimated results for the next quarter as the best in terms of profit for the state company since the onset of Operation Lava-Jato. The predominant factor is the rising dollar, making the national oil price competitive and definitively exiting the crisis that has been plaguing Brazil for four years. Learn more about it and the details that justify these profits here.
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