Petrobras: new oil discovey

Petrobras has reported hydrocarbon findings in the pre-salt of the Campos Basin. The company notified Brazil’s National Petroleum Agency (ANP) about the presence of oil traces in the Água Marinha block, in well 1-BRSA-1401DA-RJS. The well was drilled in July by the drillship Deepwater Aquila at a water depth of 2,601 meters.

The Água Marinha block was awarded in 2022 during the first cycle of the Permanent Production Sharing Offer and the production sharing contract was signed in May 2023. Petrobras operates the block with a 30% stake, alongside TotalEnergies (30%), PETRONAS (20%) and QatarEnergy (20%).

In the Campos Basin, Petrobras has announced plans to double production from the current 500,000 barrels of oil equivalent per day (boed) to 1 million boed by 2035. The company also intends to invest US$ 23 billion by 2029 in its Campos Basin Revitalization Program.

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