World

 

Español

 

Guyana


Trinidad
& Tobago

 






Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Total transfers to partners control of sensitive Amazon reefs exploration blocks

DW

BP, Petronas partners in five Foz do Amazonas blocks

- Long-running struggle to secure drilling permits
-
Comes amid growing pressure over oil exploration

By Robert Perkins/Platts

LONDON
Petroleumworld 09 10 2020

Total has decided to resign its operatorship of five exploration blocks, in the environmentally sensitive the Foz do Amazonas Basin, 120 km offshore Brazil, the French oil major said Sept. 7.

Total said it notified its partners BP and state-run Petrobras of its decision on Aug. 19 of blocks FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127.

No reason was given for the decision but exploration projects in Foz do Amazonas have been facing strong resistance from environmental groups following the discovery of a previously unknown coral reef in the turbid waters of the Amazon River delta.

Total has been looking to drill seven exploration well on the acreage in the area in a long-running struggle to secure approval from Brazilian federal environmental regulator IBAMA. Total first started licensing the exploration drilling project in 2014.

The move also comes amid rising public sensitivity over new oil exploration. BP last month pledged to undertake no new oil exploration in new countries as part of its transition to cleaner energy.

Total said it now has six months to appoint a new operator for the blocks, which it was awarded in 2013. Until then, Total said it has a duty to continue monitoring all regulatory processes on behalf of its partners Petrobras and BP.

Total's portfolio in Brazil currently includes 24 blocks, with 10 operated. In 2019, its production in the country averaged 16,000 b/d.

By Robert Perkins from S&P Global Platts

spglobal.com
09 09 2020

umworld.com Copyright ©2020 Petroleumworld.

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2020, Elio Ohep A. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2020, Petroleumworld   / Elio Ohep - All rights reserved

 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.