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Pre-Salt Oil and Gas News

BG Group makes another oil and gas discovery

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Source: tcetoday

BG GROUP has made another large discovery of oil and natural gas in the Santos Basin area off the coast of Brazil, less than a week after the previous discovery in the area, Guara.

Last Updated on Tuesday, 20 October 2009 04:40 Read more...
 

Petrobras announces strategy for the construction of up to 28 drilling rigs in Brazil

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Source: Petrobras

PETROBRAS announces that the Companys Executive Board has approved the strategy to hire up to 28 new drilling rigs to be built in Brazil, with increasing national content, and to be used for ultra-deep water exploration, including the fields located in the pre-salt layer. The rigs are slated to be delivered between 2013 and 2018.

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Santos Basin Guara contains 1.1 to 2.0 billion recoverable barrels

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Source: BG Group

BG Group (30%) and partners Petrobras (45%, operator) and Repsol (25%) have today announced that the Guara discovery in the Santos Basin pre-salt, offshore Brazil is now estimated to contain recoverable volumes of 1.1 to 2.0 billion barrels of oil equivalent.

Last Updated on Tuesday, 15 September 2009 09:41 Read more...
 

Brazil's oil industry has big hurdles to clear

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From the Economist Intelligence Unit ViewsWire

In the past two years Brazil has discovered the largest oil deposits in the country's history and the world’s most promising fields since the discoveries made in Kashagan in Kazakhstan in 2000.

Last Updated on Tuesday, 15 September 2009 09:42 Read more...
 

Brazil to Pass New Oil Rules in 7 Months, Deputy Says

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By Maria Luiza Rabello - Source: Bloomberg

Brazil’s Congress will likely pass legislation to increase state control of the oil industry within seven months, said the head of the government coalition in the lower house.

Last Updated on Tuesday, 15 September 2009 10:04 Read more...
 

Brazil: Proposals For A New Petroleum Regime In Brazil

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Source: Mondaq

Article by Ted Rhodes and Ivan Londres

Ever since the announcement of the Tupi discovery in November 2007, the eyes of the international oil industry have been firmly fixed on Brazil.

Last Updated on Tuesday, 15 September 2009 09:38 Read more...
 

Pini Engenharia director denies overpricing at the Pernambuco Refinery

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8 Sep 2009 - by PreSalt.com - Source: Petrobras News

Pini Engenharia director denies overpricing at the Pernambuco RefineryIn depositions made to the Petrobras CPI this Tuesday (09/08), representatives of Pini Serviços de Engenharia, the company that certified the regularity of the costs of the earthwork done for the Pernambuco Refinery (Abreu e Lima), denied there is evidence of overpricing in the project. After presenting information about the company, Institutional Relations director Mário Sérgio Pini said the parameters used by the Federal Court of Auditors (FCA) do not reflect the particularities of an unconventional project such as that of the Pernambuco Refinery.

According to Pini, the methodology the company used was pricing per modeling, which is the most appropriate for unconventional civil construction work similar to the refinery’s. “It is necessary to use modeling. You cannot do it based on percentages,” explained Pini. “The FCA’s methods are valid, but they cannot be conclusive for a project such as this one, which has rather unique characteristics. Adjustments need to be made.”

Last Updated on Friday, 23 October 2009 05:38 Read more...
 


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