Brazil: Petrobras receives binding proposals for divestment of Urucu Cluster
01 Feb 2021
Petrobras, following up on the release disclosed on December 7, 2020, has received binding proposals for the sale of its entire stake in a set of
s
Urucu Cluster, located in the
Solimoes Basin, in the state of Amazonas, and it has begun the negotiation phase of the terms and conditions for the potential sale with
Eneva.
The signing of the sale contracts is subject to the success of the negotiations, which involve commercial and contractual aspects of the transaction to be approved by the decision-making bodies of both parties.
Petrobras reinforces its commitment to a broad transparency of its divestment projects and portfolio management and informs that the subsequent steps will be disclosed to the market in accordance with Petrobras internal rules and with the provisions of the special procedure of assignment of exploration rights, development and production of oil, natural gas and o
Brimbank's In2Sport subsidy program, which helps young people take part in community sport, is open for priority applications. Brimbank Mayor, Cr Ranka.
Australia: Empire Energy reports Carpentaria-1 core results
01 Feb 2021
Carpentaria-1 well in Empire’s 100% owned Northern Territory permit
EP187 in September 2020.
The well was scheduled to be drilled to a planned depth of ~2,900 metres to allow Empire’s technical team to fully evaluate the two unconventional shale targets, the Velkerri and Kyalla Shales. As previously announced, Netherland, Sewell and Associates, Inc. has independently assessed these targets to have a best estimate prospective resource of 2.4 trillion cubic feet of gas equivalent in Empire’s EP187 permit.
Empire Energy has provided an update on the results of its formation evaluation program incorporating lab analysis recently received from W. D. Von Gonten & Co ( WDVG ), and to outline the implications for resource estimates and add details for Empire’s forward work programs.
The government has set a divestment target of Rs 1.75 lakh crore for FY22. In FY21, the government had budgeted to raise Rs 2.1 lakh crore through divestments but failed to achieve that