REACT- REVITALIZATION PROGRAM OF THE TERRESTRIAL PETROLEUM INDUSTRY OF BRAZIL

In view of the probable prospects for small and medium-sized oil and gas producers arising from the sale of PETROBRÁS assets of 104 land fields under the Topázio Project, and the importance of creating favorable conditions for the resumption of production of these fields will be the launching of the Revitalization Program for the Exploration and Production of Oil and Natural Gas in Terrestrial Areas (REATE), on January 27, 2017.

REATE is coordinated by the Oil and Gas Secretariat of the Ministry of Mines and Energy and aims to revive the country’s confidence in the Oil and Gas sector, encourage private producers, and seek solutions to issues that impede market consolidation and the generation of socioeconomic benefits.