Petrobras has signed three more concession contracts for blocks in the Pelotas Basin offshore southern Brazil.
The contracts for blocks P-M-1737, P-M-1739 and P-M-1797, acquired in partnership with Shell and CNOOC, were the last three that remained from Brazil’s 4th Permanent Concession Offer Cycle, offered by the ANP last December.
Petrobras operates all three with a 50% stake, while Shell and CNOOC hold 30% and 20%, respectively.
In total, Petrobras acquired 29 concession contracts in the Pelotas Basin under the auction.
