Petrobras, partners plan Santos basin investment push

01/23/2006
Brazil’s state-owned Petroleo Brasileiro SA (Petrobras) plans to invest, along with partners, $18 billion over the next 10 years for oil and gas development in the offshore Santos basin.Petrobras’s board determined that the first large volume of gas from the Santos area should flow in second-half 2008, when Petrobras expects output of 12 million cu m/day from Mexilhão and Merluza fields. A new business unit is being set up in the coastal city of Santos, São Paulo.Company officials expect the BS-500 Block-the largest of five planned production areas in the basin-to start producing 20 million cu m/day of gas and 150,000-200,000 b/d of crude oil in 2010.Petrobras an...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected