Regional Reports

Majors detail offshore Brazil block awards

Oct. 10, 2019

Brazil’s 16th bid round concluded with the award of 12 of the 36 offshore blocks offered, according to the National Agency of Petroleum, Natural Gas and Biofuels.

Block C-M-541 in the Campos basin is in a water depth of about 3,000 m (9,842 ft).

Offshore staff

RIO DE JANEIRO – Brazil’s 16^th bid round concluded with the award of 12 of the 36 offshore blocks offered, according to the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

The bid round collected a record R$8.9 billion ($2.2 billion) in signature bonuses. In all, 11 companies from nine countries made offers, 10 of which acquired blocks.

Petrobras will operate block C-M-477 in the Campos basin, with partner BP Energy (30%).

Total will operate block C-M-541 in the Campos basin, with partners Petronas (20%) and Qatar Petroleum (40%). According to ANP, this block had the largest signature bonus ever offered, R$4,029,302,001 ($976,897,854.83).

Shell Brazil will operate blocks C-M-659 and C-M-713 in the Campos basin, with partners Qatar Petroleum (25%) and Chevron (35%).

ExxonMobil Brasil will operate block C-M-479 in the Campos basin.

Petronas will operate blocks C-M-661 and C-M-715 in the Campos basin.

Repsol will operate block C-M-795 in the Campos basin.

Repsol will also operate block C-M-825 in the Campos basin, with partner Chevron (40%).

Chevron will operate block C-M-845 in the Campos basin and block S-M-766 in the Santos basin, with partners Wintershall Dea (20%) and Repsol (40%).

BP Energy will operate block S-M-1500 in the Santos basin.

ANP expects contracts to be signed by Feb. 14, 2020.