(Petrobras, 13.Dec.2023) — Petrobras has acquired 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP).
Petrobras acquired blocks P-M-1739, P-M-1737 and P-M-1797 in partnership with CNOOC Petroleum Brasil Ltda and Shell Brasil Petróleo Ltda. The consortium will have Petrobras as operator, with a 50% stake, in partnership with Shell (30%) and CNOOC (20%).
In partnership with Shell, Petrobras acquired blocks P-M-1277, P-M-1279, P-M-1281, P-M-1361, P-M-1363, P-M-1441, P-M-1443, P-M-1357, P-M-1359, P-M-1439, P-M-1516, P-M-1518, P-M-1595, P-M-1597, P-M-1793, P-M-1795, P-M-1838, P-M-1840, P-M-1520, P-M-1522, P-M-1599, P-M-1674, P-M-1676, P-M-1678, P-M-1743, P-M-1799. The consortium will have Petrobras as operator, with a 70% stake, and Shell with a 30% stake.
The value of the signature bonus to be paid in April 2024 by the company is around R$ 116 million. In addition to the signature bonus, the Minimum Exploratory Program (MEP) to be applied to each block, expressed in Work Units (WUs) – which cover the activity to be carried out during the exploratory activity – was also considered as a criterion for judging the auction.
The table below summarizes the results of Petrobras’ participation in the ANP’s 4th Permanent Concession Offer Cycle:
The participation in the 4th Cycle of the Permanent Concession Offer is in line with the company’s long-term strategy of working in partnership to diversify its portfolio and strengthen Petrobras’ profile as the main operator of oil fields located in ultra-deep waters, boosting the recomposition of reserves for the company’s future.
Petrobras acted selectively in the auction to ensure the incorporation of almost 20,000 km2.
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