Exploration of old fields can generate R $26 billion

The national agency of petroleum, gas and Biofuels (ANP) will publish a resolution until December of this year in order to stimulate companies to the revitalization of old oil fields. According to the Agency, this action can generate investments of about R $26 billion.

Further exploration of these old fields would result in increased production of 1 billion barrels of oil. The NPA indicates that the additional effort in exploiting these fields can also bring greater storage. It is estimated that these investments generate R $16 billion in royalties over the years in production.

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