Petrobras Expects to Drill at Least Three Oil Wells at the Mouth of the Amazon by the End of 2022

Written by Roberta Souza

Published on 17/05/2021 at 19:07

Logo da Petrobras e Rio Amazonas/ Fonte: Reprodução

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Petrobras Plans to Start Drilling for Oil Wells and Expects to Obtain an Environmental License at the Mouth of the Amazon at the Beginning of Next Year

Petrobras has plans to start drilling for oil wells in the basin at the mouth of the Amazon River next year. This action has been heavily criticized by environmentalists, and the announcement was made last Friday at a press conference by Fernando Borges, director of Marketing and Logistics at the state-owned company. Borges stated that Petrobras expects to receive the environmental license at the beginning of 2022 to begin drilling activities by the end of next year. Read more: Sale of Petrobras Refinery in Bahia Authorized by TCU, According to Minister of MME

Petrobras Aims to Obtain Environmental License to Explore Oil at the Mouth of the Amazon River

According to Fernando Borges, Petrobras expects to obtain the environmental license at the beginning of 2022, and it is anticipated that they could start a drilling campaign for at least three exploratory oil wells by the end of the same year. He also emphasized that the state company’s work with Ibama (Brazilian Institute of Environment and Renewable Natural Resources) is well advanced.

The director of Marketing and Logistics at Petrobras also stated that the company has made significant efforts to meet the licensing requirements in such a sensitive area, demonstrating safe practices. It is worth noting that previously, the French oil company Total made the same request to explore the exploratory oil blocks at the mouth of the Amazon River.

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French Oil Giant Received Negative Response from Ibama on Oil Block Explorations

At the end of 2018, the French company Total received a negative response from Ibama, claiming that there was a risk of irreparable damage to the biogenic reefs present in the region at the mouth of the Amazon River and to marine biodiversity more broadly. The French oil company previously operated five exploratory oil blocks in the area, which were close to a large system of corals discovered in 2016.

In 2020, Total sold its stake in the Mouth of the Amazon to Petrobras, which was already a partner in the concessions. Fernando Borges added that Petrobras has greater knowledge of Brazilian basins and is conducting robust studies on environmental impacts and emergency plans.

The oil basin at the Mouth of the Amazon has become increasingly coveted following the discovery of giant oil reserves in Guyana in 2015 by the American oil giant ExxonMobil. Last year, Total also discovered additional reserves in Suriname.

Petrobras Expects to Drill at Least Three Oil Wells at the Mouth of the Amazon by the End of 2022

Petrobras Plans to Start Drilling for Oil Wells and Expects to Obtain an Environmental License at the Mouth of the Amazon at the Beginning of Next Year

Petrobras Aims to Obtain Environmental License to Explore Oil at the Mouth of the Amazon River

French Oil Giant Received Negative Response from Ibama on Oil Block Explorations

See Also: Açú Petróleo Signs Contract with Petrobras to Export 240 Million Barrels of Oil in Two Years

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Petrobras Expects to Drill at Least Three Oil Wells at the Mouth of the Amazon by the End of 2022

Petrobras Plans to Start Drilling for Oil Wells and Expects to Obtain an Environmental License at the Mouth of the Amazon at the Beginning of Next Year

Petrobras Aims to Obtain Environmental License to Explore Oil at the Mouth of the Amazon River

French Oil Giant Received Negative Response from Ibama on Oil Block Explorations

See Also: Açú Petróleo Signs Contract with Petrobras to Export 240 Million Barrels of Oil in Two Years

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