Schlumberger, meanwhile, reports that output at the country's top producing asset "is now in line with the current reservoir performance potential."
Brazil is the 2nd most complex jurisdiction in the world for financial compliance, according to the Financial Complexity Index 2017 released by the TMF Group.
The first stage will entail building three new connection roads which are expected to be finished by February. Future works will include two new tunnels in the area.
João Corrêa, Brazil country manager of Norwegian company Spectrum, spoke to BNamericas about the different types of seismic surveys and data analysis that are used in the oil and gas industry and about how the company operates in Brazil, including its future plans for the country.
The deal involves half of QGEP'S 100% interest in the ultra-deepwater SEAL-M-428 and SEAL-M-351 areas, part of the Sergipe-Alagoas basin off the country's northeast coast.