Tag: Libra deepwater oil field

• Tuesday, November 28th 2017 - 09:21 UTC

  Total begins oil production in the giant Libra field in Brazil's pre-salt zone

  

  The giant Libra field in Brazil’s pre-salt zone has started producing oil, French Total said on Monday without providing details about the production rate at the field.

• Friday, October 16th 2015 - 07:35 UTC

  Petrobras strikes further discovery at giant pre-salt Libra field in Santos basin

  

  Petrobras announced a further hydrocarbon discovery at the giant pre-salt Libra field in the Santos basin, offshore Brazil. The company said that well 3-BRSA-1310-RJS, in the central portion of the block, identified the presence of hydrocarbons in a low-porosity reservoir. This is the fourth well drilled in the Libra area since exploratory drilling began last August.

• Friday, October 31st 2014 - 06:28 UTC

  Petrobras consortium find high-quality oil at the Libra area, off Rio do Janeiro

  

  The Petrobras-led Libra consortium has said that the first extension well in the Libra area, known as 3-BRSA-1255-RJS (3-RJS-731), has proven the discovery of high-quality oil in the northwest portion of the structure.

• Thursday, September 18th 2014 - 06:25 UTC

  Developing oil field Libra off Brazil will cost 80bn dollars said France's Total

  

  Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday.

• Monday, October 28th 2013 - 06:41 UTC

  Lack of refining capacity and capped fuel prices hit Petrobras profits

  

  Brazil’s state-controlled oil producer Petrobras said third-quarter profit slid 40%, missing analysts’ estimates, on higher fuel imports and refining losses. Net income dropped to 3.39 billion Reais (1.55bn dollars) from 5.66 billion Reais a year earlier, the company said on Friday in a regulatory statement.

• Monday, October 21st 2013 - 21:41 UTC

  Brazil auctions 35-year production rights to giant offshore Libra oil area

  

  Brazil sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA in an auction with a single bid on Monday. The auction in Rio do Janeiro took place amid strict security measures with hundreds of police forces clashing with protestors.

• Tuesday, October 8th 2013 - 18:15 UTC

  Brazil limits Chinese state-controlled companies to joint bidding for largest offshore oil prospect

  

  Brazil is limiting Chinese state-controlled oil companies to joint bids to develop its largest offshore oil discovery, amid concerns the players could share data and reduce competition ahead of the 21 October auction, said Brazilian officials.

• Monday, September 23rd 2013 - 18:56 UTC

  Brazil insists that Libra oil field auction was a major success

  

  Brazil’s government is planning to give a boost to state-run oil company Petróleo Brasileiro by financing its participation in the October 21 auction of Libra, the country’s largest-ever oil discovery, the O Estado de Sao Paulo newspaper reported over the weekend.

• Friday, August 16th 2013 - 03:22 UTC

  Brazilean congress clears the way for sale of giant Libra offshore oil prospect

  

  The Brazilian congress rejected an amendment to an oil-royalty bill that threatened to derail the world's largest-ever sale of rights to develop offshore oil resources scheduled for October 21. The amendment had sought to set the Brazilian government's minimum share of “profit oil” from the sale of the giant Libra offshore prospect and other fields in Brazil's most productive oil area at 60%.

• Sunday, July 14th 2013 - 23:48 UTC

  Brazil’s Libra deepwater oilfield expected to yield a million bpd

  

  The Libra deepwater oil field that Brazil plans to auction off Oct 21 will yield minimum output of 1 million barrels of crude per day, the National Petroleum Agency, ANP, said on Friday. That production would be equivalent to half of Brazil's current output of 2 million bpd.