Petrobras inks exploration JVs off Brazil

Click here to enlarge imagenullFormer Brazilian state petroleum monopoly Petroleo Brasileiro SA has signed six more joint-venture exploration agreements for areas off Brazil. These new agreements are with groups led by units of Mobil Corp., Royal Dutch/Shell, Texaco Inc., and Exxon Corp.Petrobras has signed several such JVs recently, including one with units of Kerr-McGee Corp. and Exxon Corp. (OGJ, July 19, 1999, p. 36) and two with a group comprising units of Coastal Corp., Unocal Corp., and Brazilian firm Ipiranga (OGJ, July 12, 1999, p. 29).The blocks are part of a group allotted to Petrobras by Brazil`s National Petroleum Agency (ANP) under the country`s demonopolization program. T...

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