Petrobras and Shell project R $ 1.3 billion in investments

May 23, 2019

ANP approved exploratory programs for the Dois Irmãos, Uirapuru, Três Marias and Saturno blocks, acquired in 2018

The ANP approved, last Wednesday (22/5), the minimum exploratory programs of the Dois Irmãos, Uirapuru, Três Marias and Saturno blocks, acquired in the fourth and fifth rounds of the production sharing regime in 2018. Together, they predict R $ 1.3 billion in investments, including drilling an exploratory well in each of the assets between this year and 2025.

Located in the Campos Basin, the Dois Irmãos area is operated by Petrobras, with a 45% stake, in partnership with BP (30%) and Equinor (25%).

The state-owned company is also the operator of Três Marias, with 30% share – in association with Shell (40%) and Chevron (30%) – and Uirapuru, with a 30% stake, in partnership with Equinor (28% ), Exxon (28%) and Petrogal (14%). Both blocks are in the Santos Basin.

The Saturno area, also in the Santos cluster, is operated by Shell (45%), in partnership with Chevron (45%) and Ecopetrol (10%), which recently acquired the 5% share of each partner on the block.

The consortiums paid, for Dois Irmãos, Uirapuru, Três Marias and Saturno, bonuses in the amounts of R $ 400 million, R $ 2,650 billion, R $ 100 million and R $ 3,125 billion, respectively.

Source: BE Petroleum