Petrobras open to offers for Santos basin offshore concession
Sept. 9, 2020
Petrobras has started the binding phase of the planned sale of 50-100% of its operated stake in the BM-S-51 concession in the Santos basin.
(Courtesy Petrobras)
Location of the BM-S-51 concession in the Santos basin offshore Brazil.
Offshore staff
RIO DE JANEIRO – Petrobras has started the binding phase of the planned sale of 50-100% of its operated stake in the BM-S-51 concession in the Santos basin.
This is located 215 km (134 mi) offshore São Paulo in water depths ranging from 350-1,650 m (1,148-5,413 ft).
The concession, awarded under the ANP’s 7th Bidding Round in 2005, is in the 1st Exploratory Period, with a remaining commitment to drill one well.
Petrobras (80%) operates in partnership with Repsol Sinopec Brasil (20%).
