QatarEnergy wins seven Brazil offshore exploration licenses
<p>Doha, Qatar: QatarEnergy, in a consortium with Petrobras, won seven exploration blocks in the 6th Concession Open Acreage Bid Round organized by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).</p> <p>The awarded exploration blocks (CE-M-471, CE-M-473, CE-M-475, CE-M-477, CE-M-537, CE-M-539 and CE-M-665) are located in the Ceará Basin, along the northeastern…
QatarEnergy, in partnership with Petrobras, secured seven offshore exploration licenses in Brazil's 6th Concession Open Acreage Bid Round, announced from Doha, Qatar. These licenses, covering areas CE-M-471 through CE-M-665, are situated in the Ceará Basin on Brazil's Equatorial Margin, a region off the northeastern coast. QatarEnergy will own 30% of the exploration rights, with Petrobras holding the majority 70%.
Minister of State for Energy Affairs and QatarEnergy President and CEO, HE Saad Sherida Al-Kaabi, expressed satisfaction with the outcome, praising the collaboration with Petrobras and Brazil's ANP and authorities. "We are pleased with the success of these bids, which add prospective acreage to our upstream portfolio in Brazil," he stated. "We look forward to further strengthening our partnership and working with all stakeholders for a successful exploration."
The concession contracts will likely be signed by the first half of 2027. The awarded blocks, combined, span around 4,700 square kilometers, situated in depths of 2,000-3,600 meters off Brazil's northeastern coast.
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Also reported by 1 other outlet
- QatarEnergy wins seven Brazil offshore exploration licenses gulf-times.com
