TotalEnergies reports indications of oil and gas in block in the Campos Basin

(PN)French company TotalEnergies notified the National Petroleum Agency (ANP) that it found evidence of oil and gas in block C-M-541, in well 1-TOT-2-RJS, in a water depth of 3,000 meters, in the Campos Basin.

The drilling of the well Marolo-1 began at the end of last year. The activity was carried out by the Valaris DS-15 drillship. TotalEnergies is authorized to drill up to two exploratory wells (Marolo and Ubaia) and three more contingency wells in the block.

Block C-M-541 was acquired during the 16th Bidding Round, held by the ANP in 2019. This was the asset with the highest signing bonus of that auction, in the amount of R$4.029 billion. TotalEnergies is the operator in the area with a 40% stake, in partnership with companies Qatar Petroleum (40%) and Petronas (20%). Currently, this is TotalEnergies’ only exploratory asset in Brazil.

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