Brazil upstream news

Petrobras and CNODC offered the the minimum allowed profit oil of 29.96% for rights to explore and produce oil at the Aram block in Brazil's Santos Basin.

Petrobras and Chinese state firms CNOOC and CNODC made the only bids out of over a dozen major oil firms who had registered. Two of four blocks on offer got no bids.

The survey started in late 2018 and covered the Buzios field, lying in approximately 2000 m water depth.

Under the terms of the agreement, Emerson will provide dedicated servers and associated hardware infrastructure to Petrobras and manage those systems on its behalf.

Formed in 2015, Subsea Integration Alliance is a strategic global alliance between Subsea 7 and OneSubsea, the subsea technologies, production and processing systems division of Schlumberger.

Under the agreement, Shell will reduce its stake in the discovery from 80% to 50% and continue as operator, while Total will retain the remaining 20%.

The marketing agreement is for a term of up to 5 years and provides Karoon with access to Shell West’s global marketing and shipping platform.

ONGC's overseas explorer has recorded a gas discovery in Brazil's Sergipe Alagoas Basin and an oil discovery in Colombia's Llanos Basin.

The total number of registrants is a record for bids in the production sharing regime, surpassing the 16 qualified for the 4th Production Sharing Round, held last year.

Wintershall Dea will hold an interest of 20% in the blocks S-M-766 and C-M-845, alongside its partners Repsol and Chevron (operator).