Brazil’s state-controlled oil producer Petroleo Brasileiro SA confirmed the presence of high quality oil on Dec. 22 after drilling a new well at Buzios, the country’s second-most productive field.
In a filing on Dec. 22, Petrobras, as the company is known, said the results of deepwater well 9-BUZ-48D-RJS confirm even greater potential for Buzios, which currently produces more than 600,000 barrels of oil per day.
Buzios is located 188 km off Rio de Janeiro’s coast. The field is operated by Petrobras (90%) in a partnership with Chinese producers CNOOC (5%) and CNPC (5%).
Tracey K. Henderson joins Apache from Kosmos Energy to serve as its senior vice president of exploration, filling a position left vacant since the resignation of industry veteran Steven Keenan in late 2019.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
The acquisition of Jagged Peak will more than double Parsley Energy’s position in the Delaware Basin, where the companies expect to generate G&A savings of about $25 million within the first year.