• Categories
  • Archives

Brazil’s Petrobras Has Ambitious Plans for Oil Drilling in Angola

Brazilian state-owned oil company Petrobras plans to increase its participation in petroleum exploration in Angola. In a note published Wednesday, May 17, the company reports that it obtained concessions to explore three new shallow and deep water blocs.

Petrobras did not say how much it spent to obtain the concessions. The company is currently active in Angola in two other blocs, one of them already under production and the other in the exploratory phase.

"With the inclusion of these three new blocs, Petrobras is solidifying a position of strong adherence to its Strategic Plan, inaugurating a new phase in Angola in its activity as an operating company," the company affirms.

In bloc 6, located in shallow water, Petrobras’ work program extends over four years and will be focused on making economically viable the petroleum deposit discovered around two decades ago. The bloc will also be the site of attempts to discover new exploratory areas for drilling and expanding reserves.

Bloc 26, located in deep waters in the Benguela basin, off the southern Angola coast, will be the site of drilling in the coming years.

Bloc 15, an area which has yet to be investigated, also in deep waters, is located within a perimeter that encompasses petroleum fields with reserves on the order of 3.5 billion barrels and a daily production of approximately 600 thousand barrels.

Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Car Sales Grow 60% in Brazil to Reach Record 353.700 Units

Car output in Brazil soared in March as manufacturers ramped up production to keep ...

Brazil’s Lula: "We Have to Grow Again"

"I’m going to do what I promised. I only ask for comprehension. It has ...

Brazil, Colombia and Peru Agree to Look for Oil in Peru’s Amazon

Government oil corporations from Brazil, Colombia and Peru signed Thursday, November 22, an agreement in ...

LETTERS

Close to 19 million adult Brazilians have become tired of waiting for government help ...

Brazil to Count on 200,000 Families This Year to Produce Biodiesel

A biodiesel mill with a capacity for production of 108 million liters per year ...

Soy, Meat and Juices Give Brazil 25% Export Boost

Brazilian agribusiness exports yielded US$ 26.7 billion in the first half of this year, ...

Brazil’s Forum Urges Prompt Pardon of All 3rd World Foreign Debts

One of the chief examples of political interaction using the World Social Forum process ...

President Lula’s Choices

Pressing problems faces his Excellency President Lula—who will run the central bank By John ...

Project Brazil Calls for Media Democratization and 29 Other Changes

Project Brazil was launched recently in public demonstrations in the Brazilian capital cities of ...