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Bullboard - Stock Discussion Forum Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."

GREY:HRTPF - Post Discussion

Petro Rio S.A. > ANP fine HRT for R$2.2 million for failing produce the Polvo
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Post by Rzbern on Jun 05, 2015 5:37pm

ANP fine HRT for R$2.2 million for failing produce the Polvo

ANP fine HRT for R$ 2.2 million for failing to produce the Polvo field
06/05/2015 24:32
HRT was fined £ 2.2 million by the National Petroleum, Natural Gas and Biofuels (ANP), for "administrative violations" and failure unit measurement criteria responsible for producing the Polvo field in the Campos Basin . Were identified "discrepancies" in the declared volumes of production and in gas flow measurement, and other "administrative violations" recorded in inspection took place in November 2013.
With the decision, there is no possibility of resources at the administrative level. According to ANP, they also recorded the "breach of statutory deadlines calibration and inspection of measuring equipment" as well as errors in flow switches, computers and other equipment production unit operating in the field.
The field is operated by HRT, which holds 60% of the consortium responsible for the area, but asked the regulator authorization to purchase the additional 40%, belonging to Maersk Oil. The application was rejected twice by the ANP, for lack of details on the documentation submitted, as the "abandonment guarantee of the field."

https://www.istoedinheiro.com.br/noticias/negocios/20150605/anp-multa-hrt-milhoes-por-falhas-producao-campo-polvo/267567.shtml
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