The project's underwater system has reduced the average well interconnection time by 15%, by incorporating a new solution for installing rigid pipelines, which has contributed directly to the record ramp-up time.
President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil company, with the aim of turning it into a renewable energy powerhouse.
Brazilian oil giant Petrobras has launched the sale process for its 40% stake in two exploration oil concessions in the Potiguar basin’s deep waters in the Equatorial Margin, off the coast of Rio Grande do Norte.