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 1st 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/