Brazil Revokes PetroReconcavo Field Over Half-Barrel Output

2026-02-13 - 18:15

Key Points — Brazil’s oil regulator ANP unanimously revoked PetroReconcavo’s concession for the Juriti field in Bahia after the company produced just half a barrel of oil in its only month of operation. — The company claimed it had resumed production on the final day of a 12-month deadline, but regulators found no record in