Petronas Acquires Half of Tartaruga Verde Field

Written by Renato Oliveira

Published on 29/04/2019 at 15:32

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Malaysian Oil Company Signs Agreement with Petrobras to Acquire 50% of Tartaruga Verde Field, Offshore, Strengthening the Company’s Operations in South America.

Petronas, the national oil company of Malaysia, announced the acquisition of a 50% stake in the Tartaruga Verde field, located in the southern portion of the Campos Basin, approximately 125 km off the coast of Macaé.
The deal was made with Petrobras, from whom the Malaysian oil company’s subsidiary in Brazil also negotiated the facilities of module III of the Espadarte field.

The transaction still needs to be approved by CADE (Administrative Council for Economic Defense) and ANP (National Agency of Petroleum, Natural Gas and Biofuels), according to a statement from Petrobras.

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The Tartaruga Verde Field

The production of the Tartaruga Verde field, in the deep waters of the Campos Basin, started on 06/22/2018, through the FPSO Cidade de Campos dos Goytacazes, chartered by Modec.
The FPSO is located about 127 km off the coast of the State of Rio de Janeiro, at a water depth of 765 meters, with the capacity to process up to 150,000 barrels of oil and 3.5 million cubic meters of gas daily, and to compress 5 million cubic meters of gas.

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Petronas Acquires Half of Tartaruga Verde Field

Malaysian Oil Company Signs Agreement with Petrobras to Acquire 50% of Tartaruga Verde Field, Offshore, Strengthening the Company’s Operations in South America.

The Tartaruga Verde Field

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Petronas Acquires Half of Tartaruga Verde Field

Malaysian Oil Company Signs Agreement with Petrobras to Acquire 50% of Tartaruga Verde Field, Offshore, Strengthening the Company’s Operations in South America.

The Tartaruga Verde Field

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

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The world’s largest natural bridge cave is in China, impressing in Guizhou with almost 180 meters in height, a gigantic opening, and internal space used even for cars, becoming a cool tourist refuge within a monumental karst formation.

Old hard drives may hide neodymium, dysprosium, praseodymium, and terbium, and a United States company is expanding its network with a new 93,000-square-foot facility to recover rare earths used in electric cars, artificial intelligence, defense, and renewable energy.

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The Zuluk road has 32 zigzag curves at 3,400 meters in the Himalayas, originated as the Silk Route in Sikkim and became a military border where foreigners cannot pass.