Petrobras Resumes Output From P-20 Platform In Campos Basin

Petrobras announced that it resumed production from offshore oil platform P-20 in the Campos Basin's Marlim field. The platform was shut down in Dec-2013 after a fire injured two workers on the platform. The rig's potential output is around 20 Mbbl/d of oil.

In Mar-2014, Petrobras announced that it started operation at the P-58 production platform, located in the Parque das Baleias complex in Brazil's Campos Basin.

In Dec-2013, Petrobras announced the completion if the sale if its 35% stake in the Parqu das Conchas (BC-10) offshore project for US$ 1.6 billion to Shell and ONGC.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Trending Analysis

Trending News