Petrobras informs that today it signed an Integrated Project Business Model Agreement (“IPBMA” or “Business Model Agreement”) with China National Oil and Gas Exploration and Development Company (“CNODC”), a subsidiary of CNPC, advancing towards their Strategic Partnership, as disclosed to the market on July 4, 2018.
Petrobras informs that today its subsidiary, Petrobras America Inc. (“PAI”), has entered into a definitive agreement with Murphy Exploration & Production Company – USA (“Murphy”), a wholly owned subsidiary of Murphy Oil Corporation, to form a joint venture company (“JV”) comprised of producing oil and gas assets in the Gulf of Mexico.
Libra Consortium operator Petrobras has concluded on Tuesday, Oct. 2, the extended well test (EWT) in the Mero field, located in the block of Libra, in Santos Basin’s pre-salt layer. Launched in November 2017, production was carried out by FPSO Pioneiro de Libra, the first Petrobras extended well testing dedicated unit equipped to inject the gas produced. FPSO is the English acronym for the vessel that produces, stores and offloads oil.
Petrobras announces that it has reached coordinated resolutions of investigations by the U.S. Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) related to the company’s internal controls, books and records, and financial statements during the period from 2003 to 2012.