Brazil’s state-run oil company Petrobras SA has decided to delay its oil producing zone known as the Parque das Baleias project.
The project was delayed by one year to 2024 because of the coronavirus pandemic, according to a securities’ filing Oct. 16.
“With the postponement, Petrobras canceled the bidding for the chartering of a platform to serve the project and authorized the start of a new bidding process,” the company said in a news release.
The deepwater field is in Campos Basin offshore Brazil.
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