En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

17 firms registered to bid for Brazil's pre-salt oil exploration

 




By Reuters Staff

RIO DE JANEIRO
Petroleumworld 09 15 2017

A total of 17 companies have registered to take part in two rounds of bidding for licenses to explore pre-salt oil areas in Brazil, Oil and Gas Secretary Marcio Felix said on Thursday.

The auctions next month include some of the most promising oil blocks in the world. Pre-salt oil, referring to reserves found beneath a deep layer of undersea salt, has been said to be of high quality and commercial value.

The Brazilian government is rushing to award new exploration licenses as part of a broader program to attract private investment and spur economic growth.

Brazil's oil and gas regulator ANP has said previously that 15 companies have expressed interest in the third round and 10 in the second, but it was not clear how many companies had pre-registered in total. All are major oil firms.

Through production sharing contracts, firms will be able to bid Oct. 27 on eight blocks in the Santos and Campos basins in the pre-salt area, where hydrocarbons are trapped under about 2,000 meters (6,600 ft) of salt beneath the ocean floor.

The fields are considered among Brazil's most prized energy assets. Those already under production are showing above-average productivity.

Felix told reporters in Rio, after taking part in an industry seminar, that Brazil also plans to auction off in the first half of next year licenses to explore additional oil reserves in the so called Transfer of Rights area, currently operated by Petrobras.

The Brazilian state-controlled oil company has rights over 5 billion barrels of oil in the Transfer of Rights areas which are also located in the pre-salt layers. But Felix said the government estimates there are at least 10 billion barrels more in the region.



Reporting by Alexandra Alper; Editing by Bernadette Baum from Reuters.

reuters
.com
09 14 2017

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 



Sept. 14-15,
Accra, Ghana

 

Nov 13-14 ;
Mexico City, Mexico

 

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.