BRAZIL IN MOVEMENT
OGJ - Total SA announced Nov. 27 that the Petroleo Brasileiro SA (Petrobras)-led Libra consortium has brought production on stream in ultradeep waters 180 km offshore Rio de Janeiro in Brazil's presalt Santos basin.
Petrobras operates Libra and holds 40% interest in an international consortium. Partners are Total 20%, Royal Dutch Shell PLC 20%, CNOOC Ltd. 10%, and China National Petroleum Corp 10%.
The Pioneiro de Libra floating production, storage, and offloading unit has a capacity of 50,000 bbl. Initial production will generate revenue while enabling technical data to be collected to optimize the subsequent development phases.
Total Exploration & Production Pres. Arnaud Breuillac said Libra fits into Total's strategy of highly competitive projects with low break-even points. Libra, discovered in May 2010, is estimated to contain 8-12 boe of reserves below a 2-km salt layer.
Petrobras says Libra reservoirs have 27° gravity oil and are expected to have excellent productivity.
The Libra development awaits an investment decision regarding whether to finalize plans for the Libra 1 FPSO with a capacity of 150,000 b/d. Partners expect other production units of similar capacity will be financed in future years to develop the field's full potential.
|April, 18, 13:14:00|
|April, 18, 13:12:00|
|April, 18, 13:10:00|
|April, 18, 13:08:00|
|April, 18, 13:07:00|
|April, 18, 13:06:00|
FRB - Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of its 2012 average, total industrial production was 4.3 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector moved up 0.3 percentage point in March to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972–2017) average.
AOG - Kuwait plans to invest $113bn over the next five years to enhance oil exploration and production activities both inside and outside the country
МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 марта по 14 апреля 2018 года составила $ 65,80125 за баррель, или $ 480,3 за тонну.
REUTERS - Oil prices slipped with Brent crude futures LCOc1 off 66 cents at $71.92 a barrel, while U.S. crude CLc1 fell 56 cents to $66.83 a barrel.