Petrobras Adds 21 Exploration Blocks Across 18,000 Square Kilometers

Petrobras acquired 21 exploration blocks in recent bidding rounds held by Brazil’s National Agency for Petroleum, Natural Gas and Biofuels (ANP). The acquisitions add more than 18,000 square kilometers to the company’s assets. The total signing bonus is R$3.22 billion. Payment is due by December 30, 2026.

In the 4th Production Sharing Cycle, Petrobras secured 100% interest in the Azurita block in the Campos Basin and the Cruzeiro do Sul block in the Santos Basin.

In the 6th Concession Offer Cycle, Petrobras acquired a 70% stake in seven Ceará Basin blocks. QatarEnergy holds the remaining 30%, and Petrobras will operate the blocks.

Petrobras also acquired full ownership of 12 blocks in the Campos Basin.