Pre-Salt Oil Filled the Union's Coffers in 2020 with Contribution of R$ 704.2 Million

Pre-Salt Oil Filled the Union’s Coffers in 2020 with Contribution of R$ 704.2 Million

Written by Flavia Marinho

Published on 13/01/2021 at 12:13

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PPSA, The State Oil And Gas Company Responsible For Representing Brazil In Production Sharing Contracts In Pre-Salt Areas, Raised R$ 704.2 Million For The Union In 2020

PPSA, the oil and gas company responsible for representing Brazil in production sharing contracts in pre-salt areas, raised R$ 704.2 million for the Union’s coffers last year, the company reported last Tuesday (01/11). Looking for a job? Resume and work card in hand to apply for the job openings announced yesterday (01/12) and work at the Industrial Center Manserv

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Of the amount of R$ 704.2 million, 89% or R$ 627.8 million was related to the sale of the Union’s oil and gas share managed by the state company.

The company’s 2020 results were 33.5% higher than 2019 and 119% higher than 2018, when the company began this activity.

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Union Revenue With The State PPSA – Pre-Salt Oil

Last year alone, 2.8 million barrels of oil were sold from the Mero Development Area and the Surrounding Sapinhoá Field, which operate under a production sharing regime, and 37.7 million cubic meters of gas from the Surrounding Sapinhoá, Tartaruga Verde Sudoeste, and Tupi Fields.

Since 2018, Pré-Sal Petróleo has raised R$ 2.68 billion for the Union’s coffers, with R$ 1.38 billion from oil and gas commercial activities and R$ 1.3 billion from expense and volume equalizations carried out by the company in areas where the Union has a stake in the Production Individualization Agreements.

Brazil Will Have Billion-Dollar Investment In Offshore And Onshore Oil Exploration Activities This Year, 2021

Brazil will have a billion-dollar investment of R$ 5.4 billion throughout 2021 to invest in drilling new blocks, offshore and onshore exploration; and contracting seismic surveys, the National Petroleum Agency (ANP) said last Tuesday (01/12).

In the Brazilian offshore, the drilling of 18 new wells is planned, which will have billion-dollar investments of R$ 5.1 billion, and according to ANP, 2D seismic surveys will total 450 km, while 3D seismic surveys will cover an area of 2,457 km², with an investment of R$ 44 million.

Pre-Salt Oil Filled the Union’s Coffers in 2020 with Contribution of R$ 704.2 Million

PPSA, The State Oil And Gas Company Responsible For Representing Brazil In Production Sharing Contracts In Pre-Salt Areas, Raised R$ 704.2 Million For The Union In 2020

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Union Revenue With The State PPSA – Pre-Salt Oil

Brazil Will Have Billion-Dollar Investment In Offshore And Onshore Oil Exploration Activities This Year, 2021

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

Explorers find Roman treasure trapped between rocks on the seabed for nearly 1,600 years and reveal a desperate attempt to hide 53 gold coins during the invasions of the Empire.

While Russia dominates the global wheat market, Brazil emerges as an unexpected competitor in the Cerrado, offering grain available in July and August when stocks in the Northern Hemisphere are at their lowest point of the year.

Archaeologists discover Roman vase buried for over 2,000 years with more than 175 intact gold and silver coins, revealing a desperate strategy to protect wealth during the collapse of the Empire.

The government puts R$ 8.6 billion on the table to change the highway (BR) with 50 overpasses, 28 bridges, 4 tunnels, and 40 km of bike lanes in 180 km of historic duplication.

With 241 meters, 48 thousand tons, and a structure designed to accompany aircraft carriers at sea, the Chinese ship that refuels fleets in motion was born to push Beijing away from the coast and has become the hidden gear of its naval projection.

Pre-Salt Oil Filled the Union’s Coffers in 2020 with Contribution of R$ 704.2 Million

PPSA, The State Oil And Gas Company Responsible For Representing Brazil In Production Sharing Contracts In Pre-Salt Areas, Raised R$ 704.2 Million For The Union In 2020

Read Also

Union Revenue With The State PPSA – Pre-Salt Oil

Brazil Will Have Billion-Dollar Investment In Offshore And Onshore Oil Exploration Activities This Year, 2021

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

Petrobras finds high-quality oil in the pre-salt at 113 km from RJ and reignites expectations about strategic reserves in the Campos Basin.

Ocyan opens registrations for startups focused on innovation in the oil and gas sector and will select projects for Innovation Day with the support of Nexio.

Petrobras announces new oil discovery in the pre-salt of the Campos Basin and reinforces Brazil’s prominence with high-quality reserves that can increase production and energy revenues.

Alert in the fuel market: Analysts and a former director of ANP warn that oil prices may worsen in the coming months due to global instability.

Ocyan brings executives and digital solutions to Macaé Energy 2026 and highlights offshore expansion with Nexio and a new base in Macaé.

Explorers find Roman treasure trapped between rocks on the seabed for nearly 1,600 years and reveal a desperate attempt to hide 53 gold coins during the invasions of the Empire.

While Russia dominates the global wheat market, Brazil emerges as an unexpected competitor in the Cerrado, offering grain available in July and August when stocks in the Northern Hemisphere are at their lowest point of the year.

Archaeologists discover Roman vase buried for over 2,000 years with more than 175 intact gold and silver coins, revealing a desperate strategy to protect wealth during the collapse of the Empire.

The government puts R$ 8.6 billion on the table to change the highway (BR) with 50 overpasses, 28 bridges, 4 tunnels, and 40 km of bike lanes in 180 km of historic duplication.

With 241 meters, 48 thousand tons, and a structure designed to accompany aircraft carriers at sea, the Chinese ship that refuels fleets in motion was born to push Beijing away from the coast and has become the hidden gear of its naval projection.