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Pre-Salt Oil and Gas News

Update 1 - Brazilian Fund will fund 161 projects worth 8.34 billion dollars

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21 Dec 2009 - by PreSalt.com - Source: Agência Petrobras & Agência Brasil

The Board of Directors of the Merchant Marine Fund (FMM) today (18) approved, after two-day meeting, in Rio de Janeiro, 161 priority projects that will receive funding totaling 14.241 billion reais (8.13 billion U.S. dollars).  The information was given by the Executive Secretary of the Ministry of Transport and Chairman of the Board of FMM, Paulo Sergio Passos. The approved projects do not include drilling rigs for Petrobras.

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In Brazil the Merchant Marine Fund approves financing for 10 vessels of Promef II Program

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19 Dec 2009 - by PreSalt.com - Source: Agência Petrobras

In Brazil the Merchant Marine Fund approves financing for 10 vessels of Promef II ProgramThe Board of Directors of the Merchant Marine Fund (CDFMM) today approved funding for the first 10 ships of the second phase of the Expansion and Modernization Transpetro Fleet Program (Promef).The Fund will support the construction of seven oil tankers in the South Atlantic Shipyard (EAS) and three vessels for transportation of bunker (fuel oil) Shipyard Superpesa.

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Update 1 - Petrobras Oil production up 7.9% in November

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18 Dec 2009 - by PreSalt.com - Source: Agência Petrobras

Petrobras Oil production up 7.9% in NovemberPetrobras’ average oil and natural gas production in Brazil topped-out at 2,309,567 barrels of oil equivalent per day (boed) in November. This mark is 6.6% more than the previous month’s (2,167,236 boe/day). Only considering oil production, the rise was 7.9% in 12 months. The Company’s exclusive natural gas production in Brazil (50.7 million cubic meters per day), meanwhile, remained at the same level as that of November 2008 and October 2009.

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Anadarko & Devon Energy Announces Pre-Salt Discovery Offshore Brazil

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17 Dec 2009 - by PreSalt.com - Source: Devon Energy & Anadarko

Devon Energy Press-Release:

Devon Energy Corporation (NYSE: DVN) today announced a pre-salt oil discovery on block BM-C-32 in the Campos Basin, offshore Brazil. This initial exploratory well on the Itaipu prospect was drilled to a total depth of 16,240 feet and encountered approximately 240 feet of oil column, at least 90 feet of net oil pay and no oil/water contact. Devon operates the well with a 40-percent working interest.

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Update 1 - Petrobras and its partners in the ONGU joint venture sign agreements with the companies that will develop the engineering projects

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18 Dec 2009 - by PreSalt.com - Source: Agência Petrobras

Update 1 - Petrobras and its partners in the ONGU joint venture sign agreements with the companies that will develop the engineering projectsThis Friday (12/18), Petrobras, BG Group, Repsol and Galp Energia, partners in the joint venture aimed to build an onboard natural gas liquefaction unit (ONGU) to use the gas from the pre-salt area, signed the agreements with the best bidders in the tender to develop the FEEDs (Front End Engineering and design) for the liquefaction unit.

The winners were Saipem (Italy) and the SBM (Switzerland)/Chiyoda (Japan) and Technip (France)/JGC (Japan)/Modec (Japan) consortia. The tender, carried out in the international invitation mode, was launched last August, and the offers delivered in October.

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New discovery in the Brazilian pre-salt in the waters of the state of Espirito Santo

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17 Dec 2009 - by PreSalt.com - Source: Devon Energy & Anadarko

The new discovery were released this morning by the companies, holds the concession area, Devon Energy (Operator with 40%), Anadarko (33.3%) and SK Energy (26.7%).

Last Updated on Thursday, 17 December 2009 09:25 Read more...
 

Devon Energy Announces Pre-Salt Discovery Offshore Brazil

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17 Dec 2009 - by PreSalt.com - Source: Devon Energy

Devon Energy Corporation (NYSE: DVN) today announced a pre-salt oil discovery on block BM-C-32 in the Campos Basin, offshore Brazil. This initial exploratory well on the Itaipu prospect was drilled to a total depth of 16,240 feet and encountered approximately 240 feet of oil column, at least 90 feet of net oil pay and no oil/water contact. Devon operates the well with a 40-percent working interest.

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