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: 1182 (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
Offshore Wind Energy
Brazil and the Netherlands promote seminar on offshore w...
06/05/25
Company News
Prime Energy expands operations in Minas Gerais
06/05/25
OTC Houston 2025
Brazil Brings the Largest Foreign Delegation to Oil and ...
05/05/25
OTC Houston 2025
IBP Featured in OTC Houston 2025 Lineup
05/05/25
OTC Houston 2025
To showcase Rio de Janeiro’s energy potential, Firjan ar...
05/05/25
OTC Houston 2025
Petrobras participates in OTC 2025, in Houston (USA
05/05/25
OTC Houston 2025
MODEC Group Professionals to Be Honored at OTC 2025
05/05/25
International Company News
TVO Adds to Global Business Development Team
01/05/25
Ethanol
Sugarcane production estimated at 663.4 million tons for...
30/04/25
OTC Houston 2025
Brazilian industry to attend OTC 2025 aiming to expand i...
30/04/25
Carbon Capture
Impact Hub and Tencent launch program offering up to 1 m...
30/04/25
International
Petrobras presents investment opportunities in the naval...
30/04/25
Results
Petrobras production grows 5.4% and reaches 2.8 million ...
30/04/25
Carbon Reduction
Report: Baker Hughes Achieves Nearly 40% Reduction in Op...
29/04/25
Natural Gas
Comgás launches public call for natural gas acquisition
29/04/25
Royalties
Values related to February production under concession a...
29/04/25
Biogas
TBG develops Biogas Hub project to boost biofuel integra...
29/04/25
OTC Houston 2025
OTC 2025 Announces Emerging Leaders Class
25/04/25
OTC Houston 2025
Renown Deep-Sea Diver Chris Lemons to Speak at OTC 2025
15/04/25
SPE
Sustainability in the Oil and Gas Industry
15/04/25
Energy Efficiency
Foresea Develops Technologies to Reduce Emissions and In...
14/04/25
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.