Petrobras (PETR4) Finds Hydrocarbon Presence in First Drilling in the Equatorial Margin: Economic Viability Under Review.

Written by Paulo Nogueira

Published on 27/01/2024 at 14:38

A Petrobras (PETR4) concluiu a primeira perfuração do poço exploratório de Pitu Oeste, na Bacia Potiguar na Margem Equatorial, conforme comunicado ao – Todos os direitos: MoneyTimes

Be the first to react!

Petrobras (PETR4) Completed Drilling of the Pitu Oeste Well in the Potiguar Basin on the Equatorial Margin, Official Communication to Shareholders.

Petrobras (PETR4) announced the completion of the first drilling of the exploratory well Pitu Oeste, in the Potiguar Basin on the Equatorial Margin, with the identification of hydrocarbon presence. The work had started just over a month ago and the company informed the National Agency of Petroleum, Natural Gas and Biofuels (ANP) about the discovery. The drilling was completed with total safety, following the most rigorous deep-water operational protocols, reaffirming Petrobras’ ability to operate on the Equatorial Margin.

The oil company reported that, based on additional studies, it intends to obtain more geological information from the area to assess the potential of the reservoirs and guide the next exploratory activities in the region. The company plans to drill the Anhangá well in concession POT-M-762, located 79 km off the coast of the State of Rio Grande do Norte and near the Pitu Oeste well, in February. Petrobras continues to conduct exploratory research in the region and reaffirms its commitment to the responsible exploration of hydrocarbons in the area.

Increased Petrobras Participation in the Potiguar Basin

Petrobras, the Brazilian oil company with the ticker PETR4 on the stock exchange, recently announced that it has increased its participation in the Potiguar Basin. The company acquired an additional 30% stake in the exploratory block BMPOT-17, located in deep waters, on the Equatorial Margin of the basin.

ARTICLE CONTINUES BELOW

New Oil Discovery at Anhangá Well

Petrobras continues to invest in oil exploration in the Potiguar Basin and recently announced a new discovery at the Anhangá well, located in concession POT-M-762. This discovery reinforces the potential of the reservoirs in the region and brings good prospects for the company’s shareholders.

Investments and Complementary Studies

In addition to oil discoveries, Petrobras has invested in complementary studies in the exploratory wells of the Potiguar Basin, aiming to better understand the potential of the reservoirs and maximize oil production in the region. These investments demonstrate the company’s commitment to oil exploration in Brazil.

Source: MoneyTimes

Petrobras (PETR4) Finds Hydrocarbon Presence in First Drilling in the Equatorial Margin: Economic Viability Under Review.

Petrobras (PETR4) Completed Drilling of the Pitu Oeste Well in the Potiguar Basin on the Equatorial Margin, Official Communication to Shareholders.

Increased Petrobras Participation in the Potiguar Basin

New Oil Discovery at Anhangá Well

Investments and Complementary Studies

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Xiaomi launches new smart stove with titanium sensor and automatic shutdown that detects an open flame without supervision.

A study warns that a delay in climate action could bury the most optimistic scenario, raise sea levels by more than half a meter by 2100, and increase the risk of severe impacts, displacements, and losses in coastal cities worldwide.

Check-in at hotels and inns will now be done with the Gov.br account: new rule eliminates paper, allows advance registration, and provides for a fine for establishments that do not comply.

Ukraine manufactures FPV drone circuit boards and motors in basements to reduce dependence on China after restrictions in 2023 and 2024, jumping from 3–5 thousand units in 2022 to 2.2 million in 2024 and 4.5 million in 2025, attracting Pentagon tests in 2026.

Bugatti separates from Volkswagen after 26 years, Porsche sells a 45% stake in the joint venture to a US consortium and leaves control of the French brand in the hands of Rimac, which takes over product and development of the Tourbillon and the future of the manufacturer.

With Corolla and Hilux, Toyota dominates the resale ranking and surprises with low depreciation in Brazil.

Petrobras (PETR4) Finds Hydrocarbon Presence in First Drilling in the Equatorial Margin: Economic Viability Under Review.

Petrobras (PETR4) Completed Drilling of the Pitu Oeste Well in the Potiguar Basin on the Equatorial Margin, Official Communication to Shareholders.

Increased Petrobras Participation in the Potiguar Basin

New Oil Discovery at Anhangá Well

Investments and Complementary Studies

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Xiaomi launches new smart stove with titanium sensor and automatic shutdown that detects an open flame without supervision.

Brazil sold US$ 7.2 billion in crude oil to China alone in the first quarter — a 94% jump — but continues to import gasoline because it cannot refine what it extracts from its own soil.

An MIT startup is betting on superhot geothermal in Oregon and building the world’s first plant of its kind, targeting rocks above 300°C to generate 50 MW by 2030 and expand the project to 250 MW with few wells.

The electricity bill in the Northeast will increase by almost 10% starting this week — five states already have a scheduled date for the adjustment, and the director of ANEEL admits that the increase is double the inflation.

A Chinese company has just delivered its 10,000th humanoid robot — and now wants to place 100,000 in factories worldwide by the end of the year, while Tesla, Boston Dynamics, and the rest of the West have yet to move beyond prototypes.

Brazil has never generated so much clean energy — and has never charged so much for it: while solar and wind farms break records, the electricity bill rises by up to 23% and R$ 52 billion in charges are paid by 35 million families who don’t understand why electricity has become so expensive.

A study warns that a delay in climate action could bury the most optimistic scenario, raise sea levels by more than half a meter by 2100, and increase the risk of severe impacts, displacements, and losses in coastal cities worldwide.

Check-in at hotels and inns will now be done with the Gov.br account: new rule eliminates paper, allows advance registration, and provides for a fine for establishments that do not comply.

Ukraine manufactures FPV drone circuit boards and motors in basements to reduce dependence on China after restrictions in 2023 and 2024, jumping from 3–5 thousand units in 2022 to 2.2 million in 2024 and 4.5 million in 2025, attracting Pentagon tests in 2026.

Bugatti separates from Volkswagen after 26 years, Porsche sells a 45% stake in the joint venture to a US consortium and leaves control of the French brand in the hands of Rimac, which takes over product and development of the Tourbillon and the future of the manufacturer.

With Corolla and Hilux, Toyota dominates the resale ranking and surprises with low depreciation in Brazil.