Portuguese 
English 
Spanish 
2 min of reading 
Petrobras and the ANP – National Agency of Oil and Natural Gas Will Be Notified of the Court Decision, Given That the State-Owned Company Did Not File an Appeal to Modify the Action
Yesterday (07/07), the court process that sought to annul the act that changed the name of the Tupi oil field to Lula field in 2010 came to an end. Local Content: ANP Discusses Transforming Fines into New Investments Among Other Changes
Read Also
- Oil States Brasil Rescues Submarine Pipeline in the Campos Basin
- Eneva Announces Discovery of Oil and Gas in the Parnaíba Basin, Maranhão, and Will Drill New Well in the Region
- Engeman Macaé Hires for Offshore Positions as Radio Operator and Boiler; Shift System 21 x 21
Since Petrobras did not file an appeal by this date, the process has become final, meaning it has come to an end with no possibility of appeal. The state-owned oil company and the ANP will be notified within 5 days from the promulgation of the sentence.
-
Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.
-
Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
-
Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.
-
China discovers more than 200 new oil and gas fields in the last five years
Understanding the Case
The case originated from a popular action filed by lawyer Karina Pichsenmeister Palma, a partner at Gama Advogados in Porto Alegre.
In 2015, the action’s allegation was that although it is common to name oil fields after marine animals, the change at the time had a clear intention to honor the former President of the Republic, Luiz Inácio Lula da Silva.
The action was accepted by Federal Judge Marga Inge Barth Tessler, of the 4th Regional Federal Court, who ruled: it was proven, in the records, that the administrative act that named the oil field (public property) ‘Campo de Lula’ aimed at the personal promotion of a living person (the President of the Republic at the time the act was performed). In this context, the act should be annulled, considering the vice/derivation in purpose in the practice of the act.
Petrobras did not want to comment on the sentence and has not yet stated whether the oil field will return to being called Tupi or receive another name.
The Lula Field is an oil field located in the Santos Basin about 230 km off the coast of the municipality of Rio de Janeiro in water depths of approximately 2,200 m.
Discovered in 2006, it is the first supergiant field in Brazil, a designation given to fields with more than five billion barrels of recoverable volume, and today it is considered the field with the highest production volume in the country.
Be the first to react!