HOME

LAW FIRM

TEAM

OFFICE PERFORMANCE

PUBLICATIONS

CONTACT

OMBUDSMAN

New Petrobras oil discovery in the Sudoeste de Tartaruga Verde block

Petrobras has confirmed a new discovery of high-quality oil in the Sudoeste de Tartaruga Verde block, located in the Campos Basin, off the coast of the state of Rio de Janeiro. The oil was identified in the exploratory well 4-BRSA-1403D-RJS, situated approximately 108 kilometers from the coast of Campos dos Goytacazes, in waters 734 meters deep. The drilling of the well has been completed, and the presence of oil was confirmed through electric log analyses, gas indicators, and fluid sampling. The collected samples will undergo laboratory analyses to characterize both reservoir conditions and fluid properties, a necessary step in determining the production potential of the area.

The block was acquired by Petrobras in September 2018 during the 5th Production Sharing Bidding Round, and the company holds a 100% operating stake, with Pré-Sal Petróleo S.A. (PPSA) overseeing the contract. The discovery further reinforces the exploratory potential of the post-salt section of the Campos Basin, a historically strategic region for Brazil’s oil production.

Photo: Canva

MORE PUBLICATIONS

Energy price volatility and domestic maritime costs

Energy price volatility and domestic maritime costs

Global oil price volatility, geopolitical tensions and vessel availability constraints continue to affect maritime transportation costs worldwide. For Brazil, these global dynamics are directly relevant to cabotage and offshore logistics, where bunker prices, charter...

Bunker cost volatility and fuel regulation

Bunker cost volatility and fuel regulation

Brazil’s cabotage market is facing increased pressure from freight costs and sharp fluctuations in bunker fuel prices. Bunker fuel remains one of the largest operating expenses for vessel operators, and volatility can directly affect the economics of maritime...

AFRMM exemption and the cost of maritime competitiveness

AFRMM exemption and the cost of maritime competitiveness

Brazilian shipping companies are advocating for a five-year extension of the non-incidence of the AFRMM on certain navigation operations. The sector argues that maintaining the exemption is important to preserve cabotage competitiveness, reduce logistics costs and...