Petrobras has acquired ten blocks in the Foz do Amazonas Basin and three blocks in the Pelotas Basin, in the 5th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP).
In the Foz do Amazonas Basin, Petrobras acquired blocks FZA-M-1040, FZA-M-1042, FZA-M-188, FZA-M-190, FZA-M-403, FZA-M-477, FZA-M-547, FZA-M-549, FZA-M-619 and FZA-M-621, in partnership with ExxonMobil Exploração Brasil. In the first five blocks, the consortium will have Petrobras as operator, with a 50% stake, in partnership with ExxonMobil (50%). In the other five blocks, ExxonMobil will be the operator and Petrobras will have a 50% stake.
In the Pelotas Basin, Petrobras acquired blocks PM-1670, PM-1672, PM-1741 in partnership with Petrogal Brasil SA The consortium will have Petrobras as operator in all blocks, with a 70% stake, in partnership with Petrogal Brasil (30%).
The value of the signing bonus to be paid in October 2025 by the company is approx. R$139 million. In addition to the signing bonus, the Minimum Exploration Program (PEM) to be applied in the block, expressed in Work Units (UTs) – which cover the activity to be carried out during the exploration activity – was also considered as a judgment criterion for the auction.
'We were able to win the areas that were our priorities, offering bonus values within our economic premises. We are pleased with the result of the auction. With this result and with the continuity of our exploratory activities, including in the Equatorial Margin and in the Pelotas Basin, we remain optimistic about our possibilities of replenishing oil reserves and guaranteeing Brazil's energy security', highlights Petrobras CEO Magda Chambriard.
The table below summarizes the results of Petrobras' participation in the 5th Cycle of the ANP's Permanent Concession Offer:
*Operator
Participation in the 5th Cycle of the Permanent Concession Offer is aligned with the company's long-term strategy and strengthens Petrobras' profile as the main operator of oil fields located in ultra-deep waters, enhancing the replenishment of reserves for the company's future.
Petrobras acted selectively in the auction to ensure the incorporation of almost 9,600 km2.
Source: Petrobras
