Petrobras expands its presence in the Pelotas Basin with the acquisition of 29 blocks from Empresa Brasileira de Petróleo (Petroquímica).

Petrobras acquires 29 blocks in the Pelotas Basin in the fourth Permanent Concession Offer Cycle, with geological potential and 20 thousand km².

The acquisition of 29 blocks by Petrobras in the Pelotas basin in the fourth Permanent Concession Offer Cycle of the ANP strengthens the company's presence in the oil exploration.

Furthermore, the partnership with CNOOC Petroleum Brasil and Shell Brasil Petróleo in the acquisition of blocks PM-1739, PM-1737 and PM-1797 is a strategy of Brazilian Oil Company to boost its operations in the region, reinforcing its role as operator in these projects, with a 50% stake.

Petrobras announces fourth Permanent Concession Offer Cycle

The company will pay R$116 million in signing bonus, representing less than 1% of investments approved in the Strategic Plan 2024-2028 and already foreseen in the plan.

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Petrobras and the Selective Strategy

Petrobras acted selective in the auction, reflecting the strategy of recomposing its exploratory portfolio through new frontiers with geological potential.

The Role of Petrobras in the Market

Currently, almost 80% of the country's production Petrobras is concentrated in pre-salt, which remains the company's main asset, with better quality oil production and lower greenhouse gas emissions.

Petrobras Portfolio Expansion

The 29 new blocks are added to the 47 blocks company's current portfolio, adding more than 20 thousand square kilometers to the previous portfolio of around 30 thousand square kilometers.

The Vision of the CEO of Petrobras

'New frontiers, like the blocks acquired today, are essential to meet energy demand. We seek to replenish reserves and develop new exploratory frontiers that guarantee the meeting of energy demand during the energy transition with the lowest possible carbon footprint', said the CEO of Petrobras, Jean Paul Prates.

Petrobras Future Developments

Abroad Industry news Oil and Gas

Source: AtCoMedia. Inc.

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