Inside Issue 24

From the Petrobras Newsroom

Published on: 23/01/2020

Petrobras, following up on the release disclosed on 12/20/2019, announces the start of the non-binding phase related to the sale of all shares of BSBiosIndústria e Comércio de Biodiesel SulBrasil S/A (BSBios) by its wholly-owned subsidiary Petrobras Biocombustíveis S.A. (PBio)…

Published on: 15/01/2020

Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in two sets of deep-water post-salt offshore concessions, namely Golfinho Cluster and Camarupim Cluster, located in the Espírito Santo Basin

Petrobras has a long history of discovery and technological innovation in deep waters.

Recent discoveries of petroleum reserves formed before the salt layer was deposited (hence the name “pre-sal” in Portuguese) rank as world class discoveries due to the large accumulations of high quality light oil which commands a premium in global markets…

by Wajid Rasheed

“Are we running out of oil?

Before we can answer that question we need to understand what oil and gas reserves are and how they are measured.

Reserves are very significant numbers. They form the base of a slew of Key Performance Indicators (KPI) for all…