Petrobras releases teaser for Santos Basin block

Published by Nicholas Woodroof, Editor
Oilfield Technology, Wednesday, 12 August 2020 16:15

Petrobras has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake in the BM-S-51 concession with hand-over the operation, located in the Santos Basin, in the pre-salt polygon.

The concession is located at water depths ranging from 350 m to 1650 m and about 215 km off the coast of São Paulo.

The BM-S-51 concession was acquired in ANP’s 7th Bidding Round in 2005 and is in the 1^st Exploratory Period, with a remaining commitment of drilling one well in order to comply with the Minimum Exploratory Program.

This exploratory block is strategically positioned in relation to the Santos Basin discoveries and exploratory areas within the production sharing polygon.

Petrobras is the operator with an 80% stake in this asset, in a consortium with Repsol Sinopec Brasil, which holds the remaining 20%.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/12082020/petrobras-releases-teaser-for-santos-basin-block/

Rystad Energy: M&A boom in South East Asia to see US$5 billion of upstream assets for sale

Tuesday 28 March 2023 09:25

Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.

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