Petróleo Brasileiro S.A. (Petrobras) has closed the acquisition of stakes in three exploratory blocks in São Tomé and Príncipe from Shell plc.
The Brazilian oil main has additionally signed amendments to the blocks’ manufacturing sharing contracts and joint working agreements, changing into a part of the consortia for the property, it stated in a current information launch.
Shell stays the operator of the property with a 40 p.c stake in every block, whereas Petrobras holds a 25 p.c stake in Block 11 and a forty five p.c stake every in Blocks 10 and 13. Nationwide oil firm ANP-STP holds a 15 p.c curiosity in every block, whereas Portuguese vitality agency Galp Energia will personal a 20 p.c curiosity in Block 11. The monetary particulars of the transactions weren’t disclosed.
“The operation marks the resumption of exploratory operations on the African continent, with the intention of diversifying the portfolio, and is according to the corporate’s long-term technique, aimed toward restoring oil and gasoline reserves by exploring new frontiers and dealing in partnership”, Petrobras stated in a press release.
2023 Manufacturing and Refinery Studies
In the meantime, Petrobras reported a two p.c quarter-over-quarter improve within the common manufacturing of oil, pure gasoline liquids (NGLs), and pure gasoline at 2.94 million barrels of oil equal per day (boepd) for the fourth quarter of 2023.
The end result was achieved primarily because of the ramp-up of platform P-71 within the Itapu area, FPSO Almirante Barroso within the Búzios area, and FPSOs Anna Nery and Anita Garibaldi within the Marlim and Voador fields, the corporate stated in a separate information launch.
Petrobras’ 4 new wells from complementary Campos and Santos basin tasks additionally contributed to the rise, the corporate added, noting that oil manufacturing within the pre-salt was 1.937 billion boepd, 3.5 p.c increased sequentially. The corporate’s personal manufacturing within the pre-salt, together with pure gasoline, was 2.33 million boepd, representing 79 p.c of its complete manufacturing. The entire manufacturing reached 4.05 million boepd per day, in comparison with its earlier file of three.98 million boepd within the third quarter of final 12 months.
“The fourth quarter of 2023 consolidated the great outcomes we achieved all year long. 2023 was a 12 months of exhausting work and plenty of successes and achievements for Petrobras. Information had been set in a number of firm areas, from E&P to Refining, crowning our crew’s efforts”, Petrobras President Jean-Paul Prates stated.
Petrobras stated it had achieved all of its manufacturing projections for 2023, which had been revised upwards in November 2023. Its complete annual oil and pure gasoline manufacturing, at 2.782 million boepd, was 3.7 p.c increased than the manufacturing recorded in 2022. The corporate additionally achieved an annual file in operated manufacturing, with a mean of three.87 million boepd, 6.2 p.c increased than in 2022.
On the refinery entrance, Petrobras in 2023 produced 23.3 million cubic meters of gasoline, 41.4 million cubic meters, and seven.1 million cubic meters of LPG.
The corporate’s complete utilization issue, which considers the quantity of processed oil load and the refinery reference load, reached 92 p.c, in keeping with the discharge.
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