Energy / WORLD

Petrobras and QatarEnergy win seven Brazil offshore blocks

Petrobras reported that its consortium with QatarEnergy Brasil won seven offshore exploration blocks in Brazil’s Ceará Basin in a licensing round announced on October 8. Petrobras will operate the blocks with a 70% interest; QatarEnergy Brasil will hold 30%.

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Petrobras reported that it acquired interests in partnership with QatarEnergy Brasil in Brazil’s sixth Permanent Offer Concession Cycle, organized by the National Agency of Petroleum, Natural Gas and Biofuels. The company identified the seven Ceará Basin blocks as CE-M-471, CE-M-473, CE-M-475, CE-M-477, CE-M-537, CE-M-539 and CE-M-665.

Petrobras will operate the blocks with a 70% stake and QatarEnergy Brasil will hold 30%. The award is for offshore exploration rights; the announcement does not establish a discovery, commercial reserves or a production schedule.

Data

Timeline

Brazil offshore exploration block award

The dated event and its stated exploration-rights outcome.

  1. · Occurred

    QatarEnergy and Petrobras win seven blocks

    The consortium won seven Ceará Basin exploration blocks. Petrobras is operator at 70%; QatarEnergy Brasil holds 30%.

Methodology

One event record summarizes the award announcement and distinguishes exploration rights from discoveries or production.

Updated:

Table

Interests in the Ceará Basin blocks

The interests Petrobras reported for the seven offshore exploration blocks won in Brazil.

Petrobras (operator)70
QatarEnergy Brasil Ltda30
Methodology

The table reproduces the operator and partner interests Petrobras stated for all seven Ceará Basin blocks in its October 8 release.

Updated:

Structured coverage

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  • Qatar · Place role: Coverage · Place type: Country or area · Location precision: Regional
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