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Brazil Oil & Gas News from DIT

Brazil Oil & Gas News from DIT

18 May 2018

The latest updates on Brazil from the DIT.

The National Petroleum Agency’s (ANP) Special Bidding Committee (CEL) has qualified 16 companies for the 4th Production Sharing Round, a record number for this type of auction. Last year, the 2nd and 3rd Sharing Rounds had 11 and 15 qualifying, respectively. Scheduled for June 7, the 4th Round will offer the areas of Itaimbezinho, Três Marias, Dois Irmãos and Uirapuru, in the pre-salt of the Campos and Santos Basins. [Brasil Energy]

Petrobras has started the disclosure stage of two divestment opportunities (Teasers) related to the sale of its interest in refining and logistics in two geographical regions in Brazil. The model provides for the creation of two subsidiaries, one including assets from the Northeast region, and the other including assets from the South region. Petrobras intends to sell 60% of its equity interest in each of these new companies. [Petrobras]

Brazil’s pre-salt production in March totaled 1.745 million boe/day, corresponding to 54% of the overall production in the country. Some 1.396 million barrels were produced per day and 55 million of m³/day of gas by 83 wells. The Lula field, in the Santos Basin, was the biggest oil and natural gas producer. The Cidade de Maricá FPSO was the unit with biggest production volume. [Brasil Energy]

The Brazilian Merchant Navy Fund (FMM) celebrated its 60th anniversary. The fund has financed a total of 510 vessels in Brazilian shipyards over the last seven years. The FMM is managed by the Ministry of Transport and its main goal is to provide resources for the development of the Merchant Navy and the Brazilian shipbuilding and repair industry. The last Board of Directors of the Merchant Navy Fund (CDFMM) approved a R$ 5 billion credit line to finance more projects. [BrazilGovNews]

UK Showcase at Marintec Rio 2018
Marintec South America is the sole trade show for the maritime industry in Latin America. The stabilised and positive Brazilian economy is leading to greater demand for maritime goods and services. Following this perspective, The Society of Maritime Industries (SMI) is organising the UK Showcase, for the UK Group at Marintec and inviting companies to join it .The event will take place between 14 and 16 August 2018. Please, contact Tom Chant, or access this link, for more details.  

UK Pavilion at Rio Oil & Gas 2018 - booking is open for companies interested.
The EIC is organising the UK pavilion at the next edition of Rio Oil & Gas, South America's largest trade show for the oil and gas industry, which will take place between 24 and 27 September 2018. The UK pavilion is strategically located next to the stand of Petrobras and other key players in the local industry. Please contact Lucia Durante, for more details.