Amazon River Mouth Becomes Target For Giants: ExxonMobil And Petrobras Acquire Strategic Blocks In Auction

Written by Andriely Medeiros de Araújo

Published on 19/06/2025 at 20:22

ExxonMobil e Petrobras arrematam blocos na Bacia da Foz do Amazonas durante o leilão do 5º Ciclo da Oferta Permanente. Fonte: Divulgação

1 person reacted to this.

ExxonMobil And Petrobras Secure Blocks In The Amazon River Mouth Basin During The 5th Cycle Of The Permanent Offer Auction. Investments Exceed R$ 400 Million In The New Exploratory Frontier.

The Amazon River Mouth Basin stood out as one of the most contested regions in the auction of the 5th Cycle of the Permanent Offering of Concessions, held on Tuesday (17), in Rio de Janeiro. ExxonMobil, in a consortium with Petrobras, secured five strategic blocks in the SFZA-AP3 sector, marking a significant advance in the new exploratory frontier of the Equatorial Margin.

Auction Attracts Industry Giants To The Amazon River Mouth

During the public session of the auction, the consortium formed by ExxonMobil (operator with 50% participation) and Petrobras (50%) won the blocks FZA-M-477, FZA-M-547, FZA-M-549, FZA-M-619, and FZA-M-621, marking the debut of the American oil company with successes in the bidding.

Still in the same sector, Chevron, in partnership with the Chinese CNPC, also secured space by acquiring the blocks FZA-M-405, FZA-M-473, and FZA-M-475.

ARTICLE CONTINUES BELOW

Sector SFZA-AP4 Also Moves The Auction

In the SFZA-AP4 sector, two additional blocks from the Amazon River Mouth Basin — FZA-M-1040 and FZA-M-1042 — were also secured through the consortium between Petrobras (operator) and ExxonMobil, both with 50% participation.

Each block was acquired for a bonus of R$ 5.2 million, with an estimated investment of R$ 109.8 million in exploration.

The total area secured by the consortia in the Amazon River Mouth Basin amounts to 6,111.51 km², reinforcing the strategic value of the region for the future of Brazil’s energy production.

Permanent Offer Drives Flexibility And Competitiveness

The auction of the 5th Cycle of the Permanent Offer included blocks in five sedimentary basins: Amazon River Mouth, Parecis, Potiguar, Santos, and Pelotas.

In total, 16 sectors were offered — two onshore and 14 offshore. The Permanent Offer modality allows blocks to be continuously available, enabling companies to present proposals according to their strategy and ideal investment moment.

In this edition, 12 companies participated with offer guarantees, and 31 were qualified to bid.

The flexibility of the model has been crucial in attracting investments and enhancing the competitiveness of the oil and gas sector in Brazil.

Source

Amazon River Mouth Becomes Target For Giants: ExxonMobil And Petrobras Acquire Strategic Blocks In Auction

ExxonMobil And Petrobras Secure Blocks In The Amazon River Mouth Basin During The 5th Cycle Of The Permanent Offer Auction. Investments Exceed R$ 400 Million In The New Exploratory Frontier.

Auction Attracts Industry Giants To The Amazon River Mouth

Sector SFZA-AP4 Also Moves The Auction

Permanent Offer Drives Flexibility And Competitiveness

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Scientists have discovered that the Earth recycles its own continents in the depths, dragging pieces of crust down during plate collisions and returning them later as magma, in a mechanism called relamination that has helped build the continents for billions of years.

Turkey is building a billion-dollar shortcut to channel billions of dollars by sea with a 45 km long canal, 275 meters wide and 20.75 meters deep, which promises to relieve the Bosphorus amid the crisis in the Strait of Hormuz.

Brazilian couple sells apartment, converts van into a motorhome, and now wants to travel from Ushuaia to Alaska after driving 17,000 km across Brazil.

Unmanned US aircraft breaks the sound barrier for the first time and threatens a record that has stood since the Cold War

Fiat Toro mild hybrid arrives in Brazil costing R$ 197,490 in the Volcano version.

Electric cars lose momentum in the US: GM and LG battery plant delays the return of 850 workers until August, while weak demand and the end of the $7,500 federal credit put pressure on production in the automotive sector.

The Earth is close to a gas serpent that no one could see: astronomers have discovered that the Radcliffe Wave spans 9,000 light-years of the Milky Way, houses star nurseries like Orion and Cygnus X, and oscillates through the galactic disk like a cosmic string vibrating in slow motion.

Amazon River Mouth Becomes Target For Giants: ExxonMobil And Petrobras Acquire Strategic Blocks In Auction

ExxonMobil And Petrobras Secure Blocks In The Amazon River Mouth Basin During The 5th Cycle Of The Permanent Offer Auction. Investments Exceed R$ 400 Million In The New Exploratory Frontier.

Auction Attracts Industry Giants To The Amazon River Mouth

Sector SFZA-AP4 Also Moves The Auction

Permanent Offer Drives Flexibility And Competitiveness

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Scientists have discovered that the Earth recycles its own continents in the depths, dragging pieces of crust down during plate collisions and returning them later as magma, in a mechanism called relamination that has helped build the continents for billions of years.

Turkey is building a billion-dollar shortcut to channel billions of dollars by sea with a 45 km long canal, 275 meters wide and 20.75 meters deep, which promises to relieve the Bosphorus amid the crisis in the Strait of Hormuz.

HIDDEN TREASURE AT THE BOTTOM OF THE SEA? Oil discovery nearly 20,000 feet deep challenges engineering limits off the coast of Brazil

IBS and CBS regulations change credit reimbursement and raise financial alert in the oil and gas industry

China puts into operation the largest shallow lithology offshore field in the country, with 79 wells, heavy oil, and a production of 20,000 barrels per day.

Petrobras announces an investment of R$ 2.8 billion in Amazonas to expand natural gas production in Urucu and modernize the river fleet, boosting energy, logistics, and the regional economy with new vessels adapted for operation in the Amazon.

Brazilian couple sells apartment, converts van into a motorhome, and now wants to travel from Ushuaia to Alaska after driving 17,000 km across Brazil.

Unmanned US aircraft breaks the sound barrier for the first time and threatens a record that has stood since the Cold War

Fiat Toro mild hybrid arrives in Brazil costing R$ 197,490 in the Volcano version.

Electric cars lose momentum in the US: GM and LG battery plant delays the return of 850 workers until August, while weak demand and the end of the $7,500 federal credit put pressure on production in the automotive sector.

The Earth is close to a gas serpent that no one could see: astronomers have discovered that the Radcliffe Wave spans 9,000 light-years of the Milky Way, houses star nurseries like Orion and Cygnus X, and oscillates through the galactic disk like a cosmic string vibrating in slow motion.