CNOOC Ltd signs four concession contracts for exploration blocks offshore Brazil
Published by Alfred Hamer,
Editorial Assistant
Oilfield Technology,
CNOOC Ltd-owned subsidiary, CNOOC Petroleum Brasil Ltda, has entered into four concession contracts for exploration blocks offshore Brazil with the Brazilian National Agency for Petroleum and the partners in the Pelotas Basin.
The contracts were signed for a total of four blocks, S-M-1813 in the Santos Basin, P-M-1737/39/97 in the Pelotas Basin, acquired from the 4th Permanent Concession Offer Cycle, all located offshore Brazil. The total area is approximately 2600 km2, with water depths from 600 – 3000 m.
CNOOC Petroleum Brasil Ltda holds 100% interest in block S-M-1813 and is the operator. CNOOC Petroleum Brasil Ltda owns 20% non-operating interests in each of the three blocks of P-M-1737/39/97. Petrobras holds 50% operating interests in P-M-1737/39/97 and Shell holds 30% non-operating interests.
Read the article online at: https://www.oilfieldtechnology.com/exploration/17102024/cnooc-ltd-signs-four-concession-contracts-for-exploration-blocks-offshore-brazil/
You might also like
Eni and PETRONAS sign investment agreement to establish new JV Satellite Co. in Indonesia and Malaysia
The agreement follows the Framework Agreement signed by the two companies on 17th June 2025 and establishes a new entity that will manage 19 assets: 14 in Indonesia and five in Malaysia - representing significant enterprise value.