Petrobras, partners acquire 13 blocks in pair of basins offshore Brazil

Petrobras acquired 10 blocks in the Foz do Amazonas Basin and three blocks in the Pelotas Basin in the 5th Permanent Concession Offer Cycle of Brazil’s National Agency of Petroleum, Natural Gas and Biofuels.

The Foz do Amazonas blocks were acquired in partnership with ExxonMobil, each holding a 50% stake. Petrobras will act as the operator in five blocks, while ExxonMobil will act as the operator in the other five blocks. The blocks are:

• FZA-M-1040
• FZA-M-1042
• FZA-M-188
• FZA-M-190
• FZA-M-403
• FZA-M-477
• FZA-M-547
• FZA-M-549
• FZA-M-619
• FZA-M-621

In the Pelotas Basin, Petrobras acquired blocks P-M-1670, P-M-1672 and P-M-1741 in partnership with Petrogal Brasil. Petrobras will act as the operator in all blocks, with a 70% stake, while Petrogal Brasil will hold the remaining 30%.