Petrobras, Shell and Exxon Secured Oil and Gas Blocks in Latest Bidding Round

SEATTLE (Oil Monster): A total of nine companies won exploration rights for several exploration blocks in Brazil’s latest bidding round. The major players to secure fresh offshore acreage includes state-owned Petrobras, ExxonMobil and Shell.

Petrobras acquired 10 blocks in the Foz do Amazonas Basin and three blocks in the Pelotas Basin in the fifth Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

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The company, in partnership with ExxonMobil Exploracao Brasil, acquired blocks FZA-M-1040, FZA-M-1042, FZA-M-188, FZA-M-190, FZA-M-403, FZA-M-477, FZA-M-547, FZA-M-549, FZA-M-619 and FZA-M-621 in the Foz do Amazonas Basin. Alsdo, Petrobras, in partnership with Petrogal Brasil, acquired blocks P-M-1670, P-M-1672, P-M-1741 in the Pelotas Basin.

Dillianz won one onshore block, while nine offshore blocks were won by a 50:50 partnership between the Brazilian subsidiaries of U.S. Chevron and China’s CNPC.

Also, Australia’s Karoon won six blocks in the Santos Basin. Shell’s Brazilian subsidiary secured the exploration rights as operator and 100% interest holder in four blocks in the Santos Basin- SM-1819, SM-1914, SM-1821, and SM-1912. Norway’s Equinor won the S-M-1617 block on a 100% basis.