In order to be approved for a new extension on POT-M-859, Petrobras and Shell will have to indicate whether or not they comply with the government participation established in the contracts signed with the ANP.
Located in the pre-salt Santos Basin, this is the second well in the block to show signs of oil.
The project to explore 16 wells in the region is maintained, even without Ibama's authorization
In practice, this means that the total injected into the economy by exploratory activity will practically be nil
Company announces launch of FEED studies
According to the president, it's up to the state to decide whether to explore or not
The consultants believe Shell's difficulty in obtaining Ibama approval to drill in the region cannot be ignored
State-owned Petroecuador must sell its Yasuní operations within a year