(Energy Analytics Institute, 17.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Petroleum Brasil Ltda, entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian National Agency for Petroleum (ANP) and the partners in the Pelotas Basin.
The contracts were signed for S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4th Permanent Concession Offer Cycle, CNOOC said 17 Oct. 2024 in an official statement.
The total area is approximately 2,600 km2, with water depths from 600 m to 3,000 m, CNOOC said.
CNOOC Petroleum Brasil Ltda holds 100% interests in block S-M-1813 and is the operator. CNOOC Petroleum Brasil Ltda owns 20% non-operating interests in each of the three blocks of P-M-1737/39/97. Brazilian oil giant Petrobras holds 50% operating interests in P-M-1737/39/97 and Shell holds 30% non-operating interests.
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