Oil Exploration and production

Oil Exploration and production

Since 1982, Azevedo & Travassos® has been active in oil and natural gas exploration and production business. It started with contracts signed with PETROBRAS in blocks located in the Potiguar Basin, in the State of Rio Grande do Norte, where it discovered four onshore fields and produced a total accumulated volume of 1.8 MM barrels of oil and 75 MM m3 of gas.

It developed joint venture projects with several companies, which included economic feasibility studies of oil fields production, implementation of development plans, management and maintenance of assets, mature fields enhanced recovery projects, drilling and completion of wells and construction of production facility.