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Equinor secures exploration acreage in Brazil

Wednesday, June 18 2025

Fossil Energy – Brazil

Equinor has been awarded a new exploration opportunity in Brazil, which could deepen the company’s position in the country.

“We are pleased with our success in today’s bidding round, securing a new exploration opportunity in Brazil – a core country in our international portfolio. The license is located near the S-M-1378 block, which we already own, an area with strong potential that we can leverage to reinforce our position in the Santos basin. This award provides us with longevity options for Brazil and demonstrates our continuous commitment and appetite to grow in the country,” says Veronica Coelho, Senior Vice President and Brazil Country Manager.

The S-M-1617 license in Brazil was secured by Equinor on a 100% basis with a total signature bonus of around 30.5 million Brazilian Real (around 5.5 MUSD).

The block is located 60 kilometers away from the S-M-1378 block already owned by Equinor. This is an addition to our existing opportunity set in Brazil and demonstrates the company’s continued commitment and growth ambition in the country. Equinor will now work to conduct necessary geological and geophysical assessments for future exploration activities.

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Filed Under: Brazil, Equinor, Exploration, International projects, Oil and Gas Tagged With: Brazil, Equinor, exploation, oilandgas

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