Brazil to ease exploration commitments due to low oil prices

Market regulator ANP working on resolution to extend concession contracts by up to two years

On hold: the drillship Brava Star is expected to continue activities for Shell despite requests from multiple operators to postpone exploration work off Brazil
On hold: the drillship Brava Star is expected to continue activities for Shell despite requests from multiple operators to postpone exploration work off BrazilPhoto: CONSTELLATION OIL SERVICES
Published 20 April 2020, 15:22Updated 20 April 2020, 15:22