Malaysian energy group PETRONAS announced today that it’s subsidiary, PETRONAS Petróleo Brasil Ltda. (PPBL) has signed a Production Sharing Contract (PSC) with Petrobras, TotalEnergies and QatarEnergy for the Agua Marinha exploration block located in the Campos Basin, offshore Brazil. Under the PSC terms, Petrobras will be the operator with a 30 per cent participating interest, while TotalEnergies holds 30 per cent and QatarEnergy holds 20 per cent. PETRONAS Vice President of Exploration, Mohd Redhani Abdul Rahman said, “This milestone reinforces … Continue reading “PETRONAS Production Sharing at Agua Marinha Block in Brazil with Petrobras, TotalEnergies and QatarEnergy”
Following on from last week’s $15 billion financial package Qatar and Turkey central banks announced a currency swap agreement to provide liquidity and support for financial stability.