Petroleo Brasileiro SA, Latin America’s largest oil company by market value, said three of its offshore fields are commercial including Franco and the Carioca field it owns with BG Group Plc and Repsol Sinopec Brasil SA.
Cnooc Ltd., China’s biggest offshore oil and gas producer, is “very confident” of meeting its annual production target, Chief Executive Officer Li Fanrong said at a shareholder meeting in Hong Kong today.
Petroleo Brasileiro SA , Brazil’s state-run oil producer, raised its output target to 6 million barrels a day in 10 years as it develops deep-water fields in the Santos Basin, Chief Financial Officer Almir Barbassa said.
Petroleo Brasileiro SA, the fifth- biggest oil company by value, has “many, many, many” offers for the $13.6 billion of assets it plans to sell, including fields in the Gulf of Mexico, its chief executive officer said.
Repsol YPF SA, Spain’s biggest oil company, and Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, found evidence of oil in an offshore well in Brazil’s Santos Basin, the Brazilian petroleum regulator said.