November 20, 2017

First Friday Q&A on Oil & Gas This Week – OGTW129

28 minutes

Welcome back to another episode! This week’s episode is our First Friday Q&A for March. You ask the questions and we answer them. Big thanks to everyone who wrote in. If you want to get a question answered for next month’s FFQA, click the link below. Enjoy!

Have a question? Click here to ask.

Show Notes & Links:

2017 on the road sponsors:

Totaland

The World’s Most Advanced Field Land Management System

The Landman’s Virtual Office

https://www.totaland.com

Lee Hecht Harrison

As global experts in talent management, LHH is currently helping 75% of the Fortune 500 Oil & Gas companies simplify the complexity of leadership and workforce transformation.

http://www.lhh.com

API-YP Events

Questions:

Hey guys, I’m a student, about to go into college, and I’m looking into going into the Energy industry. What sort of internships are available for people who are just starting, and no degree. In addition, I would like to add that I will most likely be pursuing a degree in technology management or business management.

Hello Guys! I’ve been listening to your great podcast since last year and it is by far my favorite podcast nowadays.

Since I started listen the podcast, I believe just once y’all talked about the Brazilian Oil and Gas industry and the opportunities over there.

The Brazilian economic team headed by finance minister Henrique Meirelles (former global executive from Bank Boston) is putting the country back on track in the economic area. The current inflation rate for Brazil is 2.54% for 12 months ended September 2017; expected GDP for 2017 is +0.7% and for 2018 is +2.50%, putting an end of almost three years of economic recession; Central Bank is cutting the interest rates to a low value history.

Additionally, some laws were changed in order to give more competitiveness to the industry. The Brazilian state-owned Petrobras is not obligated by law to be the operator with a minimum of 30% share in the pre-salt fields and more relaxed rules for the local content policy.

I’m giving that economic/regulatory introduction because this Friday Brazil will hold their first pre-salt auctions since 2013. The expectation is that a lot of majors will bid and return their operations back to Brazil. Also, the Brazilian government foresees receive payments in the amount of US$2.9 Billons just as bonuses.

(https://www.reuters.com/article/us-brazil-oil/brazil-auction-tests-oil-major-appetite-for-deepwater-fields-idUSKBN1CU1FS)

Pre-salt fields are highly productive (some wells are producing almost 40,000 barrels per day), with a good oil quality and constantly cuts in the operational costs year in year out.

As said, I would like to know from you guys what do you think about pre-salt fields, the future of deep water production, the possibilities from Brazil in this field and so on.

Also,

You guys are constantly talking about the Saudi Aramco IPO. I’ve read an article in the Financial Times about the possibility that Saudi Aramco will cancel the international listening in favor of a private share sale especially for foreign government’s funds.

(https://www.ft.com/content/42b521c0-b028-11e7-beba-5521c713abf4)

It would be interest to hear from you what your thoughts about this news are.

Howdy,

...more

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By Mark LaCour & Paige Wilson

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