Campos Basin

For R$ 76 million, PPSA and Petrobras close an agreement regarding the production of the Tartaruga Verde Sudoeste field

T&B Petroleum/Press Office
22/06/2020 19:57
Visualizações: 1181 (0) (0) (0) (0)

Pré-Sal Petróleo (PPSA) and Petrobras closed a Settlement of Accounts in the amount of R $ 76 million related to the Union's share in the production of oil and natural gas in the Tartaruga Verde Sudoeste field, object of a production sharing contract signed on December 17, 2018. With this agreement, Petrobras is reimbursing, in cash, the production portion that the Union would be entitled between the signing of the contract and December 31, 2019.

 

All the Union's oil and gas produced in the field as of January 1, 2020 will be marketed by PPSA. Also in December 2019, a contract was signed for the sale of natural gas in the field, for one year, with Petrobras. As the Union's participation in the field is small, the expectation is that the first oil cargo will be commercialized within a year.

 

Institucional

Most Read Today
see see
Pre-Salt
Petrobras informs about new oil discovery in the Santos ...
09/05/25
OTC Houston 2025
ABEMI reinforces strategic presence at OTC 2025
09/05/25
OTC Houston 2025
Oil States stands out at OTC Houston 2025 with award-win...
09/05/25
Natural Gas
Petrobras and Portobello establish unprecedented partner...
09/05/25
OTC Houston 2025
Offshore Technology Conference 2025: Waves of Innovation...
09/05/25
OTC Houston 2025
At OTC Houston 2025, Firjan takes part in MoU signing be...
09/05/25
Santos Basin
Karoon completes acquisition of FPSO Cidade de Itajaí
08/05/25
OTC Houston 2025
Brazilian company gains recognition at OTC with pioneeri...
08/05/25
OTC Houston 2025
Technology from Brazilian company Vidya is being used in...
08/05/25
OTC Houston 2025
Tenenge and Enseada are present at OTC 2025 in Houston
08/05/25
Selic Rate
Selic Rate Hike to 14.75% Signals Risks to Industry and ...
08/05/25
OTC Houston 2025
A Sergipe delegation at the fair in the USA met with Pet...
07/05/25
RD&I
ouronova and Equinor develop robots to operate in FPSO tanks
07/05/25
OTC Houston 2025
Petrobras, IBP, Sinaval, and ApexBrasil promote new busi...
07/05/25
Offshore
Decommissioning of Fixed Platforms in Shallow Waters Att...
07/05/25
OTC Houston 2025
Vesper, a leader in industrial EX Fans and Exhausters, m...
07/05/25
Sergipe Oil & Gas 2025
SOG25 to Highlight Sergipe’s Oil and Gas Production Pote...
07/05/25
OTC Houston 2025
EPE destaca oportunidades de investimento no setor energ...
07/05/25
OTC Houston 2025
PPSA announces revision of the volume to be offered in t...
06/05/25
OTC Houston 2025
Fábio Mitidieri attends the opening of the Brazil Pavili...
06/05/25
Logistics
Vast completes 1,000th oil transshipment operation
06/05/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.