Petrobras acquires 21 oil exploration blocks in Brazil

Petrobras has secured 21 new oil exploration blocks across three different basins in Brazil, expanding its search area by more than 18,000 square kilometers. The acquisition was granted by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) through its permanent offering cycles.

The new blocks are distributed across the Campos, Santos, and Ceará basins. In the Campos and Santos basins, Petrobras secured the ‘Azurita’ and ‘Cruzeiro do Sul’ blocks, as well as 12 additional blocks in the Campos basin, which the company will control entirely. In the Ceará basin, Petrobras will act as the operator for seven blocks, holding a 70% stake while QatarEnergy Brasil holds the remaining 30%.

To finalize these assignments, Petrobras is required to pay a total of 3.219 billion reais (approximately 574.6 million euros) in assignment premiums by December 30. The company stated that this expansion aligns with its long-term strategy to strengthen its position as an operator and increase production capacities.