$28 Billion in Investments in the Oil and Gas Sector! Government Estimates That the Amounts Will Be Generated by Extending Contracts for Mature Onshore and Offshore Fields

Written by Roberta Souza

Published on 14/08/2020 at 17:37

Só nesta semana, a Agência Nacional do Petróleo (ANP) aprovou mais quatro prorrogações em contratos de campos maduros

Seja o primeiro a reagir!

Only This Week, the National Agency of Petroleum (ANP) Approved Four More Extensions in Mature Field Contracts

US$ 28 billion in investments is the estimated figure by the Brazilian government with the extensions of onshore mature field contracts. Only this week, the ANP (National Agency of Petroleum, Natural Gas and Biofuels) approved four more contracts: Massapê, Cantagalo, Fazenda Azevedo, and Fazenda Boa Esperança. The calculations come from the agency.

Check Also:

The four fields that had their contracts extended also saw a reduction in the royalty rate on incremental production, which exceeds the initially projected production curve for the field. Therefore, for the production already anticipated for the fields, the royalty rate remains the same as stipulated in the contract. The extra production will have a reduced rate.

According to the National Agency of Petroleum, “Most of these fields come from Round Zero, held in 1998, and would have their contracts expire in 2025. In line with the guidelines of Resolutions CNPE No. 02/2016 and 17/2017, the extensions occur within the framework of the review of the development plans (PDs) of the fields, aiming to increase the field’s lifespan and recovery factor.”

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

There are now 34 mature fields with extended contracts, comprising 21 offshore and 13 onshore. The ANP is still studying the extension of another 44 areas (three offshore and 41 onshore).

$28 Billion in Investments in the Oil and Gas Sector! Government Estimates That the Amounts Will Be Generated by Extending Contracts for Mature Onshore and Offshore Fields

Only This Week, the National Agency of Petroleum (ANP) Approved Four More Extensions in Mature Field Contracts

Check Also:

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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.

$28 Billion in Investments in the Oil and Gas Sector! Government Estimates That the Amounts Will Be Generated by Extending Contracts for Mature Onshore and Offshore Fields

Only This Week, the National Agency of Petroleum (ANP) Approved Four More Extensions in Mature Field Contracts

Check Also:

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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.

Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.

Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.

Gasoline prices soar and the question arises: is ethanol more advantageous? The 70% rule reveals the limit with gasoline.

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.

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.