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Petrobras operates now in Chinook field

Published on Sept. 15, 2012

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Petrobras has started the production in its Chinook field on Thursday, the operator announced. The field, located in the U.S. Gulf of Mexico, overcame the incidents occurred in June, when 5,400 liters oil were spilled during the development tests.

The 4th well will drill at 8,000 meters deep in Lower Tertiary reservoirs. BW Pioneer FPSO, located at 250 km offshore Louisiana in 2,500 meters of water, is taking part in the extraction. BW Pioneer has capacity for 80,000 barrels crude and 500,000 cubic meters gas.

According to the press release, this is the first time a floating production, storage and offloading (FPSO) unit is being used in the Mexico Gulf.

The Chinook field is 66.67% owned and operated by Petrobras America Inc. and 33.33% owned by Total E&P USA, Inc.

The Brazilian oil sector is now open to foreign investors

Published on July 6, 2012

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The Government of Brazil gives Petrobras green light to become partners with foreign companies. This was unthinkable so far, since the state policy for the energy sector protects the autonomy. The change was due to the delay mounted by Petrobras in building the four refineries envisaged by the Government’s Growth Acceleration Program (PAC).

If such limitation kept in force, the delay in building the four refineries ‑Comperj, Abreu e Lima, Premium I and Premium II‑ would cause a really negative effect on the national economy, which would be obliged to energetic imports to meet 40 % of the internal demand by the year 2020. Therefore, foreign investments seem to be necessary to meet the PAC requirements.

Although there has been ...

Repsol finds in Brazil a third oilfield in the Campos Basin

Published on Feb. 27, 2012

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The National Securities Market Commission was informed by Repsol Sinopec Brasil that the company had found a new oilfield in the deep waters of the Campos Basin in Brazil.

The deep pool, so-called Pao de Açúcar, is located in the sector BM-C-33, in a 2.800 water sheet and it present two hydrocarbon accumulations with a 500 meter total height, one of the biggest heights found in Brazil up to now. First evaluations show that Pao de Açúcar contains high quality resources potential and excellent oil flow rates. Production tests scored 5.000 crude oil barrels and 807.349 cubic meters of gas daily.

The discoverer consortium, composed by Repsol Sinopec Brasil (35%), Statoil (35%) and Petrobras (30%), will perform ...

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