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: 1712 (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
People
Patricia Pradal Appointed as New President of Chevron So...
30/06/25
Results
ANP Releases Consolidated Data for the Regulated Sector ...
30/06/25
Ethanol
Ethanol Prices Rise in the Last Week of June
30/06/25
People
Fulkrum appoints Louisa Poole as Chief Financial Officer
26/06/25
International Company News
Johan Castberg producing at full capacity
25/06/25
Decarbonization
EPE to Launch Analysis on Decarbonization of Brazilian E...
13/06/25
FIRJAN
At the Launch of the Rio Oil Yearbook, Business Leaders ...
13/06/25
Permanent Offer
ANP to Hold 5th Cycle of the Permanent Concession Offer ...
13/06/25
Award
Unique Group Celebrates Prestigious Wins at 2025 cHeRrie...
13/06/25
Business
ANP to Hold Public Consultation and Hearing on Update of...
12/06/25
RenovaBio
ANP Approves New Regulation for Biofuels Certification
12/06/25
E&P
ANP Approves Resolution Establishing Requirements for Fu...
12/06/25
Bahiagás
Luiz Gavazza Highlights Bahiagás’ Expansion and Bahia’s ...
12/06/25
Event
SP Offshore 2025: Second Edition Boosts a New Phase for ...
12/06/25
Bahia Oil & Gas Energy 2025
Innovation in Its DNA: How Comquality Is Revolutionizing...
04/06/25
Bahia Oil & Gas Energy 2025
Oil States Showcases Commitment to Innovation and Energy...
04/06/25
Permanent Offer
Permanent Offer Auction Notice and Environmental Licensi...
04/06/25
Environment
Supergasbras Expands Actions to Reduce CO₂ Emissions in ...
04/06/25
Sergipe Oil & Gas 2025
Sergipe Oil & Gas 2025 Launched with Focus on Innovation...
04/06/25
Marginal Fields
Fiscal Measures with Disproportionate Impact on Independ...
04/06/25
Investments
Transpetro launches tender to enter barge operation segment
30/05/25
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.

2