Infignos Media -- buyersUSA Consulting
NOW PLAYING
15 Radio Streams
Click Here
Buyer's Edge Realty
Advertise Here

From Banking and Financial Services - Financial Markets

Brought to you by Oxford Carpets Coldwater

A new depth of 1st quality luxury for your family at frugal prices! Always 50% less than our local competitors! Call Oxford Carpets Coldwater at 256-835-2155

Body Image



BP Expands Brazilian Upstream Presence; to Explore Four Blocks with Petrobras

Tue, 6 Mar 2012 11:28:56 EST

BP announced today that the Brazilian National Petroleum Agency (ANP) has approved its farm-in to four deepwater exploration and production concessions operated by Petróleo Brasileiro S.A. (Petrobras) in the Brazilian equatorial margin. BP Energy do Brasil Ltda. is taking a 40 per cent interest in each of the blocks, located in the Barreirinhas and Ceará basins, from Petrobras.

The move will give BP access to four new concession blocks in Brazil: BM-BAR-3 and BM-BAR-5 in the Barreirinhas basin, and BM-CE-1 and BM-CE-2 in the Ceará basin. Together the blocks cover a total area of 2,113 square kilometres.

'BP is building on our strengths in exploration and the deepwater and these four new blocks bring exciting new exploration opportunities, adding to the already significant position we hold in Brazil,' said Bob Dudley, BP group chief executive. 'I am pleased that this also deepens our strong relationship with Petrobras, one of the world's leading deepwater operators.'

Guillermo Quintero, BP Brazil President added: 'Over the past year, in addition to acquiring ten upstream concessions from Devon Energy in May, we have made major investments in biofuels and expanded our aviation business in Brazil. I am delighted with this continued growth of our presence in Brazil.'
Following the farm-in, BP will hold concessions in 14 blocks in Brazil, operating six. BP will be a partner with Petrobras in nine of these concession areas: the Xerelete field, BM-C-34 and BM-C-35 (in the Campos basin); BT-PN-2 and BT-PN-3 (in the Parnaíba basin); BM-BAR-3 and BM-BAR-5 (in the Barreirinhas basin) and BM-CE-1 and BM-CE-2 (in Ceará basin).

Notes to editors

** Blocks BM-CE-1 and BM-CE-2 were awarded in Brazil Round 2 (2000). They are located 75 kilometres offshore from the city of Fortaleza, in water depths ranging from 100 metres to 2,200 metres.
** Blocks BM-BAR-3 and BM-BAR-5 were awarded in Brazil Rounds 4 and 5 (2002 and 2003, respectively). They are located 200 kilometres offshore from the city of São Luís (MA) in water depths ranging from 2,000 metres to 3,000 metres.
** BP has four businesses in Brazil: exploration and production (BP Energy do Brasil); biofuels (BP Biocombustíveis); aviation fuel (Air BP); and lubricants (Castrol)
** BP now owns and operates three producing ethanol mills in Brazil, with a total crush capacity of 7.5 million tonnes per annum.
** In December 2011 Air BP announced it was expanding its operations in Brazil, acquiring refuelling facilities at seven airports to give it operations at 18 airports across the country.
** BP Group companies have operated in the Brazilian energy sector for over half a century, and are now present in ten Brazilian states (Bahia, Ceará, Espírito Santo, Goiás, Maranhão, Mato Grosso, Minas Gerais, Paraná, Rio de Janeiro and São Paulo) and the Federal District.


Source: WebWire



From Our Blogs

New Ways to Volunteer in Your Community and Beyond

There are a variety of new ways you can make an impact in your community.

Ways to Keep Your Community Safer

As an average citizen, there are several steps you can take to make your community safer.

Tips to Make Playtime Educational and Fun

Playtime should be fun and educational.

How to Turn Personal Obstacles into Triumphs

Young is offering insights into how to turn your impediments into assets.


Sign up for our weekly newsletter.

Our Website Sponsors

Sunny King Toyota

Sunny King Toyota has received almost as many accolades as our Toyotas,including more than 25 prestigious industry awards from Toyota and Southeast Toyota. Stop by to see how all of this can benefit you! 2570 US Hwy 78 E, Anniston.1-800-365-3001

Allstate Insurance- Jerry McCullers

As a Personal Financial Representative in Anniston, I know many local families and can help with all of your insurance needs. Call me at 256-237-1100.

Sunny King Honda

Come in for special pricing and financing. Special APR as low as 0.9%. 2580 US Highway 78 East, Anniston. 256-343-4216. www.SunnyKingHonda.com.

ERA King Real Estate

We bring the world to Alabama's doorstep. Offices in Birmingham, Anniston, Gadsden, and Lincoln. Call us at 256-831-5656 or visit us at eraking.com.

Artificial Limb & Brace

At Artificial Limb & Brace Center, it is our mission to provide people with orthotic and prosthetic services and products using the most reliable technology to give them the best results possible. Call us at 256-236-2562.