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[BUSINESS] · Brazil · 96 sources

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Petrobras discovers hydrocarbons in Amapá's Equatorial Margin

Petrobras has announced the discovery of hydrocarbons in the Morpho exploratory well (1-BRSA-1405-APS), located in the Foz do Amazonas Basin on Brazil’s Equatorial Margin. The well is situated in block FZA-M-59, approximately 175 kilometers off the coast of Amapá, at a water depth of 2,886 meters.

The presence of hydrocarbons was confirmed through electrical profiles and rock indicators. While the discovery is significant, Petrobras President Magda Chambriard noted that the find is not yet commercially proven and that drilling will continue through late August or early September to further delimit the discovery. The company aims to potentially begin extraction in the Equatorial Margin within seven years.

Local leaders and industry groups, including the Federation of Industries of the State of Pará (Fiepa) and the Governor of Amapá, have welcomed the news, citing its potential for regional economic development, job creation, and energy security. The project follows years of environmental and political debate regarding exploration in the Amazonian region.

Entities

ANP · Amapá · Davi Alcolumbre · Foz do Amazonas Basin · IBAMA · Magda Chambriard · Morpho well · Petrobras

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