Petrobras Inks 26 Concession Contracts in Brazil’s Pelotas Basin

© wanfahmy / Adobe Stock
© wanfahmy / Adobe Stock

Petrobras has signed 26 concession contracts, acquired in partnership with Shell, for the blocks located in the Pelotas Basin, offshore Brazil.

The concession contracts are part of the fourth Permanent Concession Offer Cycle of the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023.

The consortium will have Petrobras as operator, with a 70% stake, and Shell with a 30% stake.

The contracts refer to blocks P-M-1277, P-M-1279, P-M-1281, P-M-1361, P-M-1363, P-M-1441, P-M-1443, P-M-1357, P-M-1359, P-M-1439, P-M-1516, P-M-1518, P-M-1595, P-M-1597, P-M-1793, P-M-1795, P-M-1838, P-M-1840, P-M-1520, P-M-1522, P-M-1599, P-M-1674, P-M-1676, P-M-1678, P-M-1743, P-M-1799.

In this auction of the fourth Permanent Concession Offer Cycle, Petrobras also acquired three other blocks in partnership, whose contracts will be signed later according to the ANP's schedule.

The signing of these contracts is in accordance with the company's long-term strategy with the aim of diversifying its portfolio, according to Petrobras, which said it also strengthens its position as the main operator of oil fields located in deep and ultra-deep waters, potentializing the decomposition of reserves for the future.

Current News

Vallourec Bags ADNOC Order for Tubular Solutions

Vallourec Bags ADNOC Order for

OKEA Gets Green Light for New Drilling Op at Brage Field

OKEA Gets Green Light for New

Triton FPSO Set to Come Back Online with Full Ramp Up to Follow

Triton FPSO Set to Come Back O

Equinor Strikes Oil in Johan Castberg Area of Barents Sea

Equinor Strikes Oil in Johan C

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine