Petrobras wants to generate $31 bi with production in Libra

Petrobras aims to generate about $31 billion reais for the Union, between 2020 and 2025, with production in pound area, located in the Santos basin. However, the consortium that operates on Pound that, beyond the State, relies on Shell companies, Total, CNPC and CNOOC want local content rules more flexible so that the production planning occurs well.

The companies also have entry in the National Agency of petroleum, Natural gas and biofuels (ANP) in the application of the so-called "waiver", to have the local content requirement more flexible platform and waits for a decision of the Agency.

The field of Libra is regarded as the exploratory area of the oil and gas sector more promising country. The pilot platform is expected to start operation in 2020. The Consortium is formed by Petrobras which owns 40%, with 20% Shell, Total with 20 percent and CNPC and CNOOC, both with 10%.

The project of development of production of 1 Pound foresees investments of about 5.5 billion dollars, with 2 billion dollars for drilling, completion and evaluation of wells, 1.5 billion dollars with production collection system and 2 billion dollars with the platform.


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