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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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Another R$ 76.4 million, corresponding to the remaining 11%, was raised through an Expense And Volume Equalization Agreement signed between PPSA and Petrobras in June 2020, concerning the Union’s share in oil and natural gas production at the Tartaruga Verde Sudoeste field, the subject of a production sharing contract signed on December 17, 2018.
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.
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