Equinor : Final investment decision for Bacalhau phase 1 in Brazil
édité le 01/06/2021 - Plus de news de Equinor - Voir la fiche entreprise de Equinor
Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD.
This is an exciting day. Bacalhau is the first greenfield development by an international operator in the pre-salt area and will create great value for Brazil, Equinor and partners. Good cooperation with partners, Brazilian authorities and suppliers has resulted in an investment decision for the Bacalhau field, says
Equinor (NYSE: EQNR), ExxonMobil (NYSE: XOM), Petrogal Brasil, and PPSA have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area.
Equinor (NYSE: EQNR), ExxonMobil (NYSE: XOM), Petrogal Brasil, and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area, Equinor revealed Tuesday.
The investment is approximately $8 billion, Equinor noted, adding that the development plan for the project was approved by the Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP) back in March. First oil at the field is planned in 2024, although Equinor warned that project plans may be adjusted in response to health and safety restrictions due the Covid-19 pandemic.
Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approx. 8 billion USD.
icis.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from icis.com Daily Mail and Mail on Sunday newspapers.
Brazilian Biodiesel Auction (L79), which started on April 5, was suspended suddenly April 6 by the Brazilian National Agency of Petroleum, Natural Gas and Biofuel, ANP without any conclusion, which market sources suspect could be due to the record high price for the B100.
Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now
The maximum reference price (MRP) was established between Real 7,420/cu m to Real 7,860/cu m, a surge of nearly 26% from the prior auction. The price reference was published by the Brazilian National Agency of Petroleum, Natural Gas and Biofuel, ANP on March 31.
Brazil has a mandatory blend of 13% of B100 in the diesel and the current country s regulation settles that the biofuel can only be traded within the auction process, which happens in a bi-monthly basis.