offshore

The joint venture reported a 69 m net pay at Kawa-1

Petrobras suspends bidding and studies a new strategy, cites war in Ukraine

Company also received notice to proceed with the Yellowtail SPS project

The initiative is for equipment with drilling capacity to 2,400m-3,000m of water depth

Petrobras opted to rebid the asset

The oil major said they brought the estimated resources in the Stabroek block to 11 billion recoverable barrels

Petrobras to receive US$ 2.12 billion for the assignment of 5% of the asset

Now has 18 names in total, mostly international heavyweights

After more than a year of stagnation in the first phase, the company is opting to keep the asset in its portfolio

There has been an update to the initial study, which at first indicated only traces of gas

The operation aims to enable new projects in the Corentyne block

The environmental agency grants a license for Petrobras to move forward in the revitalization project of the assets