ANP Asks Government to Extend Petrobras' Marlim Field Rights

Source: Reuters 12/10/2015, Location: South America

Brazil's oil industry regulator ANP asked the government to extend the concession to operate the giant Marlim offshore oil field of state-run oil company Petroleo Brasileiro SA that is scheduled to expire in 2025.

In October, Marlim, in the Campos Basin east of Rio de Janeiro, produced an average 204,000 barrels a day of oil and natural gas equivalent making it Brazil's No. 5 oil field by output, according to ANP data.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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