Fossil Energy
On 7 October, Brazil awarded 56 oil and gas exploration blocks in two licensing rounds.
Successful bidders included Petrobras, Equinor, QatarEnergy, Galp, and Chinese energy companies.
The awards included 49 blocks under the sixth Permanent Concession Offering and seven pre-salt blocks under the fourth Permanent Production-Sharing Offering. These covered offshore acreage in the Campos, Santos and Ceará basins, as well as onshore exploration areas.
Petrobras secured 12 offshore exploration blocks in the Campos Basin in the concession round. They partnered with QatarEnergy to win seven blocks in the Ceará Basin, off Brazil’s north-eastern Equatorial Margin.
Petrobras will operate the Ceará blocks with a 70% participating interest, while QatarEnergy will hold the remaining 30%.
The awarded blocks are CE-M-471, CE-M-473, CE-M-475, CE-M-477, CE-M-537, CE-M-539 and CE-M-665.
