Petrobras returns four exploratory areas in November

12/14/18

In November, Petrobras returned four exploratory concessions to the Union. This year, a total of 12 returns have already been made. As a result, the Brazilian state-owned company now owns a portfolio of 134 blocks, contracted under both a concession and sharing system.

The areas returned in November are concentrated in the terrestrial and maritime parts of the Sergipe-Alagoas Basin: SEAL-T-198, SEAL-T-208 and SEAL-T-229 (all onshore and acquired in the 12th Round, 2013) and BM-SEAL-9, maritime area acquired in the 4th Round, in 2002.

On the other hand, Petrobras was able to rebuild its portfolio. In 2018, the company acquired 11 blocks in the auctions of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), focused mainly on the pre-salt – more promising areas than the assets returned.

Source: Valor

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