Petrobras closer to starting exploratory activities on the Equatorial Margin

Petrobras is closer to starting exploratory activities on the Equatorial Margin. The company declared that it should start drilling wells this quarter, as detailed in its 2023-2027 Strategic Plan. The company plans to invest US$ 2.9 billion over the next 5 years in the region, with the drilling of 16 wells. The so-called Equatorial Margin covers an area that goes from Amapá to Rio Grande do Norte. The first well in the region will be drilled in the Foz do Amazonas Basin. Petrobras also intends to drill two wells in the Pará-Maranhão Basin from 2026.

“As we seek a new exploratory frontier, such as the Equatorial Margin, our objective is to add oil and gas reserves, in accordance with the company’s vision of the future, which will consequently stimulate the economic development of the entire region”, explained the Director of Exploratory Assets at Petrobrás, Rogério Soares Cunha.

Petrobras also informed that it is concentrating efforts and mobilizing the necessary resources to carry out the so-called Pre-Operational Assessment (APO) – an emergency simulation that is required by IBAMA for granting the license to drill the Morpho well, which will be carried out 175 km from the coast of Amapá and in a water depth of 2880m.

“The date for holding the APO will be defined shortly, together with IBAMA. After carrying out this activity, the issuance of the environmental license must be issued by the Environmental Agency, for the start of drilling the well, in the exploratory block FZA-M-59, in the region of Amapá Águas Profundas”, said the company in a statement.

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