QatarEnergy and Petrobras secure seven offshore licenses in Brazil

QatarEnergy and Petrobras have secured seven offshore exploration licenses in Brazil’s Ceará Basin. The awarded blocks, located along the northeastern Equatorial Margin, cover approximately 4,700 square kilometers at water depths between 2,000 and 3,600 meters. Under the agreement, Petrobras will act as the operator with a 70 percent interest, while QatarEnergy will hold a 30 percent participating interest. The concession contracts are expected to be signed in the first half of 2027.

In a separate development regarding Brazilian energy auctions, Portuguese companies Galp Energia and Petrogal have been shortlisted to participate in auctions for oil and natural gas exploration licenses. The tender, organized by the National Agency for Petroleum, Natural Gas and Biofuels (ANP), includes the possibility of developing 23 exploration blocks in the Campos and Santos offshore basins. These areas, particularly the pre-salt layer, are considered major drivers for Brazilian production growth.