National Petroleum Natural Gas And Biofuels Agency

Ecopetrol, JX Nippon Team Up to Explore Brazil Offshore

to explore the FZA-M-320 block, located in shallow waters of the Foz Amazonas basin on the equatorial margin of the Brazilian Amazon region. Ecopetrol has held the exclusive rights for this block since May 2013, which was awarded during the 11th Round carried out by the ANP, the National Petroleum Natural Gas and Biofuels Agency in Brazil. The commercial agreement announced today, yet to be approved by the ANP, establishes that JX Nippon will undertake exploration of this block with a 30% share, for both exploration investments and potential resources that may be discovered. Ecopetrol will maintain

Petrobras Drills First Libra Appraisal Well

. The Libra Consortium - which is composed by Petrobras (operator, with 40%), Shell (20%), Total (20%), CNPC (10%), CNOOC Limited (10%) and the state company Pré-Sal Petróleo S.A. (PPSA) - will proceed with the activities set forth in the Exploratory Plan approved by Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP).

Production Begins at Santos Basin Pre-salt Iracema Sul

will be connected to eight production wells and eight injection ones over the coming months. Production is expected to peak in the first half of 2016. The estimated local content for the development of the Iracema Sul area is 42%, higher than the 30% minimum local content specified by Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) for block BM-S-11. The construction and integration of the platform’s modules in Brazil involved four construction sites in Rio de Janeiro – distributed across Itaguaí, Ilha do Fundão, Niterói, Angra dos Reis &ndash

Petrobras Signs LoI for Libra FPSO

charter, the consortium has already spudded two exploration wells in the block. Located in the Santos Basin, at a distance of 183 kilometers off the Rio de Janeiro city coast, Libra has 1,500 square kilometers, slightly bigger than the whole city of Rio de Janeiro. According to the Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP), the estimated recoverable volume of oil and gas in Libra ranges from 8 to 12 billion of barrels of oil equivalent (boe). The consortium of Libra is a partnership between Petrobras (operator, with 40%), Shell (20%), Total (20%), CNPC (10%)

Jupiter Well Extended in Santos Basin

drilled so far, which have confirmed a sizeable reservoir of gas (natural and CO2), condensate and oil. The consortium, operated by Petrobras (80%) in partnership with Petrogal Brasil (20%), will proceed with the activities provided for in the Discovery Evaluation Plan approved by Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP).