Petrobras, Petroperu to Sign MOU for Joint Development

Brazil's federal energy company Petrobras (NYSE: PBR) will sign a memorandum of understanding (MOU) on September 27 with Peru's state oil company Petroperu to develop joint projects in the Andean country, a Petrobras Peru spokesperson told BNamericas.

Petrobras CEO Jose Gabrielli will fly to Lima for the event and describe the reach of the MOU in a subsequent press conference, the spokesperson said.

The Brazilian company previously announced the two firms were interested in developing joint ventures for E&P, natural gas, biofuels, refining and petrochemicals.

The prospective projects are not included in Petrobras' US$87.1bn, 2007-11 plan.

Petrobras has production activities in block 10 in northwest Peru's Talara area as well as six exploration concessions in the country totaling 57,500 sq km.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
 
Surface Land Professional Job
Expertise: Landman|Lease Analyst
Location: San Antonio, TX
 
Automation Systems Analyst II
Expertise: Business Development
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours