QatarEnergy, in partnership with Brazil’s Petrobras, has won seven offshore exploration blocks in Brazil’s 6th Concession Open Acreage Bid Round, expanding the Qatari energy company’s upstream presence in the country.

The blocks, awarded by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP), are located in the Ceará Basin along Brazil’s northeastern Equatorial Margin.

QatarEnergy will hold a 30% participating interest in the blocks, while Petrobras, which will serve as operator, will hold the remaining 70%.

“We are pleased with the success of these bids, which add prospective acreage to our upstream portfolio in Brazil. I would like to thank our valued partner Petrobras, with whom we worked closely on this partnership, as well as ANP and the Brazilian authorities for their valuable support. We look forward to further strengthening our partnership, and to work with all stakeholders for a successful exploration,” said Saad Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy.

The seven blocks, CE-M-471, CE-M-473, CE-M-475, CE-M-477, CE-M-537, CE-M-539 and CE-M-665, cover a combined area of approximately 4,700 square kilometres.

Located in water depths ranging from about 2,000 to 3,600 metres, the acreage lies offshore in the Ceará Basin.

The concession contracts are expected to be signed in the first half of 2027 and will further strengthen QatarEnergy’s upstream portfolio and partnership with Petrobras in Brazil. -OGN/TradeArabia News Service