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Some companies are showing interest in the Potiguar Basin as Petrobras looks to sell some onshore blocks in the basin.
The company is working to extend the life of the field, increase its recovery factor and avoid premature decommissioning.
The promise of big discoveries offshore South America set to continue for years to come.
Despite the amount of money generated by sales so far, the company’s current financial situation still worries investors.
Petrobras’ business plan includes spending $6.63 billion on infrastructure and R&D, including investments in the digital transformation area.
Developers of the field, located in the North Falkland Basin, hope to sanction the first phase of the project by year-end 2018 as costs fall.
As Brazil’s offshore segment flourishes, onshore opportunities have not gained much attention. But the Brazilian government is working to make its onshore assets more attractive.
Investment and development activity picked up speed in 2017.
The 15th bidding round on March 29 raised more than 8 billion reais (US$2.42 billion) in signature bonuses.
The author of the bill that would end Repetro in Rio de Janeiro said the move would only exempt taxation of imported oilfield equipment during the exploratory phase of projects.
FlatFish is an AUV dedicated to the inspection of subsea structures and pipelines.
André Araújo talks about the company’s plans and expectations for its future in Brazil.