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

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Magazine Luiza sells R$ 50 billion, but Havan profits better: Luciano Hang’s company reaches R$ 3.4 billion in profit and highlights the difference in Brazilian retail.

The Port of SC has just entered the direct route to the largest hubs in Northern Europe with a new line from Maersk, gains a connection with Manaus in 13 days, and is preparing dredging to receive giant ships of up to 16,000 containers.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil’s external debt rises to US$ 416.976 billion in April, says Central Bank, while investments in stocks see an inflow of nearly US$ 1 billion.

While millions receive Bolsa Família, thousands of Chinese arrive to work in Brazil, exposing the uncomfortable debate about qualification, productivity, employment, and dependence on public money.

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

While Brazil sits on the pre-salt and still imports diesel, Turkey, which produces almost no oil, crossed half the world to drill 7,500 meters below the sea in Somalia in search of its own fuel.

Why didn’t oil reach $150 even after three months of the Strait of Hormuz being closed?

Farmer drills well in Ceará in search of water, accidentally finds crude oil and sees million-dollar discovery hindered by a rule that completely changes the future of the site.

Family finds oil on a 49-hectare site in Ceará, but exploration has no timeline or guarantee of happening

When drilling an artesian well, a farmer wanted water but found oil: ANP confirms that the dark liquid found by a farmer on a site in Ceará is crude oil.

Magazine Luiza sells R$ 50 billion, but Havan profits better: Luciano Hang’s company reaches R$ 3.4 billion in profit and highlights the difference in Brazilian retail.

The Port of SC has just entered the direct route to the largest hubs in Northern Europe with a new line from Maersk, gains a connection with Manaus in 13 days, and is preparing dredging to receive giant ships of up to 16,000 containers.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil’s external debt rises to US$ 416.976 billion in April, says Central Bank, while investments in stocks see an inflow of nearly US$ 1 billion.

While millions receive Bolsa Família, thousands of Chinese arrive to work in Brazil, exposing the uncomfortable debate about qualification, productivity, employment, and dependence on public money.