Petrobras President Reports That Negotiations About Búzios With Chinese Partners Could Be Finalized in 2021

Written by Roberta Souza

Published on 28/01/2021 at 16:32

Edifício sede da Petrobras no Rio de Janeiro. 9 de Março de 2020. REUTERS/Sergio Moraes

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Petrobras CEO Expects Conclusion of Negotiations with Chinese Partners at Búzios Field, Located in the Campos Basin

The president of Petrobras, Roberto Castello Branco, stated that the state-owned company expects to end negotiations with its Chinese partners this year to develop the excess volumes of the Búzios oil field, located in the Santos Basin. Petrobras holds 90% of the shares, along with CNODC and CNOOC, each having 5%.

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The Chinese companies need to ascertain the value of the investment that Petrobras made in assets to be reimbursed, in addition to reaching a consensus on how to use the oil fields already in operation in Búzios to explore the reserves.

Roberto Castello Branco states that “It is an extremely important asset for Petrobras and for Brazil. It is a gem that Petrobras has. Low costs and risks, in short, all the characteristics that I classify as a world-class asset.”

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Petrobras President Reports That Negotiations About Búzios With Chinese Partners Could Be Finalized in 2021

Petrobras CEO Expects Conclusion of Negotiations with Chinese Partners at Búzios Field, Located in the Campos Basin

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Petrobras President Reports That Negotiations About Búzios With Chinese Partners Could Be Finalized in 2021

Petrobras CEO Expects Conclusion of Negotiations with Chinese Partners at Búzios Field, Located in the Campos Basin

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A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

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