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Equinor, Exxon Mobil and Petrogal Brasil said on June 1 they would proceed with an $8 billion development of Brazil's Bacalhau oil discovery lcoated in the pre-salt Santos area. ....
- MODEC's Bacalhau FPSO Project for... euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Rio de Janeiro Brazil slashed its signing bonuses and profit-oil guarantees for the sale of the Atapu and Sepia fields now scheduled for December, significantly improving terms to develop the subsalt oil and natural gas deposits amid greater global competition for the oil industry s investment dollars, the Mines and Energy Ministry said April 20. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Under terms approved by Brazil s National Energy Policy Council, or CNPE, Atapu will be sold for a signing bonus of $721 million and minimum profit-oil guarantee of 5.89%. That was down from a signing bonus of $3.4 billion and minimum profit oil of 26.23% at the previous sale held in November 2019. ....
Rio de Janeiro Brazilian state-led oil company Petrobras will be reimbursed around $6.5 billion for investments it made to develop the Atapu and Sepia subsalt fields in the transfer-of-rights area in an agreement to clarify terms ahead of a production-sharing auction to sell the two fields. Not registered? The auction is expected to take place in the second half of 2021. The agreement, reached April 9 between Petrobras and government subsalt management company Pre-Sal Petroleo SA, or PPSA, should increase transparency and remove key uncertainties that led many international oil companies to sit out Brazil s first transfer-of-rights production-sharing auction in November 2019. Brazil sold development rights to the Buzios and Itapu fields, but the Atapu and Sepia fields failed to generate offers because of high signing bonuses, high profit-oil guarantees and the complicated reimbursement process. ....
Mass vaccination to boost economic recovery in Brazil » Borneo Bulletin Online borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.