Petrobras: Binding Phase Starts for Sale of Santos Basin Offshore Fields

Brazil's state-controlled oil company Petrobras said on Wednesday it has entered the binding phase for the sale of its stakes in the Urugua and Tambau fields in the Santos basin.

The two fields belong to the BS-500 concession and are located in the north of the Santos Basin, between 140 km and 160 km off the coast of Rio de Janeiro state.

Production in 2020 from the fields was approximately 5,000 barrels per day of oil and 918,000 cubic meters per day of gas, Petrobras said in a securities filing.

(Reporting by Anthony Boadle Editing by Chris Reese)


Current News

Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil

Commodity Report: Meeting Oil

Egypt Halts Fertilizer Production In Light of Israeli Gas Disruptions

Egypt Halts Fertilizer Product

Edda Wind Welcomes New CSOV to its Fleet

Edda Wind Welcomes New CSOV to

TotalEnergies’ Unit to Build Battery Storage Site in Japan to Help Balance Grid

TotalEnergies’ Unit to Build B

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine