{"id":3569,"date":"2013-09-14T18:55:48","date_gmt":"2013-09-14T18:55:48","guid":{"rendered":"http:\/\/sh118.global.temp.domains\/~igsgorg\/lusophonegoa\/?p=3569"},"modified":"2014-01-19T16:42:09","modified_gmt":"2014-01-19T16:42:09","slug":"brazils-state-run-oil-company-petrobras-and-an-indian-partner-have-discovered-an-oil-exploration-block","status":"publish","type":"post","link":"https:\/\/lusophonegoa.org\/en\/2013\/09\/brazils-state-run-oil-company-petrobras-and-an-indian-partner-have-discovered-an-oil-exploration-block\/","title":{"rendered":"Brazil\u2019s state-run oil company Petrobras and an Indian partner have discovered an oil exploration block"},"content":{"rendered":"<p><a href=\"https:\/\/lusophonegoa.org\/wp-content\/uploads\/2013\/10\/india_brasil_petroleo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3570 alignleft\" alt=\"india_brasil_petroleo\" src=\"https:\/\/lusophonegoa.org\/wp-content\/uploads\/2013\/10\/india_brasil_petroleo.jpg\" width=\"286\" height=\"233\" srcset=\"https:\/\/lusophonegoa.org\/wp-content\/uploads\/2013\/10\/india_brasil_petroleo.jpg 793w, https:\/\/lusophonegoa.org\/wp-content\/uploads\/2013\/10\/india_brasil_petroleo-300x245.jpg 300w\" sizes=\"auto, (max-width: 286px) 100vw, 286px\" \/><\/a><\/p>\n<p><strong>The find of Petrobras and IBV Brasil in SEAL 11 off \u00a0Brazil\u2019s northeast coast, Sergipe-Alagoas basin could be the biggest oil discovery of the year. IBV Brasil is a joint venture between India\u2019s Bharat Petroleum Corporation and Videocon Industries.<\/strong><\/p>\n<p><strong>Meanwhile, the government plans to auction production rights for Libra, Brazil\u2019s biggest-ever oil discovery, on October 21. Eleven foreign oil firms, including China National Petroleum Corporation, India\u2019s ONGC Videsh and Malaysia\u2019s Petronas, have paid more than $900,000 each to participate in the auction.<\/strong><!--more--><br \/>\nOct 15, 2013 &#8211; The find of Petrobras and IBV Brasil in SEAL 11 off \u00a0Brazil\u2019s northeast coast, Sergipe-Alagoas basin could be the biggest oil discovery of the year.<\/p>\n<p>IBV Brasil is a joint venture between India\u2019s Bharat Petroleum Corporation and Videocon Industries.<\/p>\n<p>Petrobras CEO Maria das Gra\u00e7as Foster said the two partners have made a \u201cbeautiful\u201d oil discovery, and it will produce a minimum 100,000 barrels of petroleum a day starting in 2018.<\/p>\n<p>Two prospects in the SEAL 11 area, Farfan and Muriu, are expected to be developed as a single or integrated unit, with at least one floating production, storage and offloading ship (FPSO) producing oil and gas from the area in 2018, Foster said.<\/p>\n<p>Officials said the new find could make the region the country\u2019s biggest new oil frontier since Brazil\u2019s huge sub-salt discoveries off the coast of Rio de Janeiro and Sao Paulo in 2007.<\/p>\n<p>Reuters quoted an official source as saying that recent drilling also suggests that a giant natural gas field may extend well beyond SEAL-11 with enough gas to supply all of Brazil\u2019s current needs \u201cfor decades\u201d.<\/p>\n<p>Meanwhile, the government plans to auction production rights for Libra, Brazil\u2019s biggest-ever oil discovery, on October 21.<\/p>\n<p>Eleven foreign oil firms, including China National Petroleum Corporation, India\u2019s ONGC Videsh and Malaysia\u2019s Petronas, have paid more than $900,000 each to participate in the auction.<\/p>\n<p>Brazil\u2019s new auction rules stipulate that winning bids will be determined by the slice of profit oil companies are willing to share with the government.<\/p>\n<p>Brazilian president Dilma Rousseff announced during the recent protests that the government will resubmit a bill to Congress demanding oil royalties be invested exclusively in education.<\/p>\n<p><i>Source: Agencies<\/i><\/p>","protected":false},"excerpt":{"rendered":"<p>The find of Petrobras and IBV Brasil in SEAL 11 off \u00a0Brazil\u2019s northeast coast, Sergipe-Alagoas basin could be the biggest oil discovery of the year. IBV Brasil is a joint venture between India\u2019s Bharat Petroleum Corporation and Videocon Industries. Meanwhile, &hellip; <a href=\"https:\/\/lusophonegoa.org\/en\/2013\/09\/brazils-state-run-oil-company-petrobras-and-an-indian-partner-have-discovered-an-oil-exploration-block\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3569","post","type-post","status-publish","format-standard","hentry","category-negocios"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/posts\/3569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/comments?post=3569"}],"version-history":[{"count":7,"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/posts\/3569\/revisions"}],"predecessor-version":[{"id":3577,"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/posts\/3569\/revisions\/3577"}],"wp:attachment":[{"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/media?parent=3569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/categories?post=3569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lusophonegoa.org\/en\/wp-json\/wp\/v2\/tags?post=3569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}