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%).
Chesapeake Energy aims to build upon its shale pioneer legacy by achieving this industry-first as part of the Oklahoma City-based company’s ambitious ESG and climate-related targets.
Future wells will not be brought online by Apache without adequate gas takeaway capacity going forward, says John J. Christmann IV, APA’s CEO and president.
Domenic “Nick” Dell’Osso has been appointed as president and CEO and a member of Chesapeake Energy’s board, effective immediately. Mike Wichterich, who served as interim CEO, will assume the role of executive chairman.