New Brazilian offshore exploration block awarded to QatarEnergy
Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels has granted QatarEnergy the Agua-Marinha Production Sharing Contract (PSC) as part of a partnership with TotalEnergies and Petronas (ANP).
In accordance with the PSC and related agreements, QatarEnergy will have a 20% working stake, while operator Petrobras, TotalEnergies, and Petronas Petroleo Brasil Ltda. will each hold 30%, 30%, and 20% respectively. The Agua-Marinha block, with a total size of 1,300 square kilometres, is situated in the abundant Campos Basin, about 2,000 metres offshore of Rio de Janeiro.
Commenting on this occasion, H.E. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy said, “We are pleased to achieve this latest successful joint-bid, which adds further highly prospective acreage to our upstream portfolio in Brazil, and particularly in the prolific Campos Basin.”
The Minister added, “We are delighted to achieve this success with our valued partners Petrobras, TotalEnergies, and Petronas. I wish to take this opportunity to thank the ANP and the Brazilian authorities for this opportunity and for their ongoing support.”