QatarEnergy wins seven Brazil offshore exploration licenses
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 (AN...
QatarEnergy, in collaboration with Petrobras, secured seven offshore exploration licenses in Brazil's 6th Concession Open Acreage Bid Round. The awarded blocks, CE-M-471, CE-M-473, CE-M-475, CE-M-477, CE-M-537, CE-M-539, and CE-M-665, are situated in the Ceara Basin on Brazil's northeastern Equatorial Margin. QatarEnergy will hold a 30% share in the exploration, alongside Petrobras, which will own the remaining 70%.
QatarEnergy's CEO, Eng. Saad bin Sherida Al Kaabi, expressed delight at the success, stating that the new awards add valuable acreage to their upstream portfolio in Brazil. He also thanked the partnership with Petrobras, ANP, and the Brazilian authorities for their support. The concession contracts are anticipated to be finalized during the first half of 2027.
The blocks, with a combined area of about 4,700 sq km, are located in depths of 2,000-3,600 meters off Brazil's coast.
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- QatarEnergy wins seven Brazil offshore exploration licenses thepeninsulaqatar.com
