Ibama Clears Three More Petrobras Wells in Foz do Amazonas
Brazil's environmental regulator has cleared Petrobras to drill three more wells in the Foz do Amazonas basin, months after the first well found oil there. The post Ibama Clears Three More Petrobras Wells in Foz do Amazonas appeared first on The Rio Times .
Brazil's environmental agency, Ibama, has authorized Petrobras to drill three additional wells in the Foz do Amazonas basin. This decision comes on September 4, 2026, amidst a presidential election year. Ibama had previously authorized one well in the area, called Morpho, which discovered oil. The new clearance brings the total number of wells in this particular block to four.
All four wells are located in block FZA-M-59, situated offshore from Amapá state, located north of where the Amazon River meets the Atlantic Ocean. This region is referred to as the Equatorial Margin, which stretches along Brazil's northern coast and extends into waters off neighboring countries Guyana and Suriname. The Equatorial Margin is considered a prime candidate to replace Brazil's mature offshore oil fields in the Santos Basin, as it holds the potential to significantly boost the country's oil production.
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