Qatar Energy, through an alliance with Petrobras, won participating shares in exploration and production rights in seven offshore blocks through the sixth open bidding round organized by the Brazilian National Petroleum, Natural Gas and Biofuels Agency.
The seven exploration blocks won by Qatar Energy are CE-M-471, CE-M-473, CE-M-475, CE-M-477, CE-M-537, CE-M-539 and CE-M-665, located in the Ceará Basin along the north-eastern tropical margin of Brazil. Qatar Energy will have a 30% participating interest, while Petrobras (the operator) will have a 70% share.
His Excellency Eng. Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs, Managing Director and CEO of Qatar Energy, said on this occasion: “We are happy to win these shares, which add promising areas to our portfolio of assets in the exploration, exploration and production sector in Brazil. I would like to express my thanks to Petrobras, with whom we worked closely in this partnership, and to thank the Brazilian National Petroleum, Natural Gas and Biofuels Agency and the Brazilian authorities for their valuable support. We look forward to strengthening our partnerships and working with all parties involved to ensure the success of exploration.”
The concession contracts for these areas, which are expected to be signed during the first half of 2027, will enhance Qatar Energy’s presence and position in the exploration, exploration and production sector in Brazil.
The areas in the Ceara Basin cover a total area of approximately 4,700 square kilometres, and are located in water depths ranging from 2,000 to 3,600 meters off the northeastern coast of Brazil.
Qatar Energy is an integrated energy company committed to the sustainable development of cleaner energy resources as part of the energy transition in Qatar and beyond. And an integrated partner in the energy transition around the world. Its activities cover various stages of the oil and gas industry, and include exploration, production, refining, marketing, trading and selling of oil, gas, petroleum derivatives, petrochemical and downstream products.
Qatar Energy is your “partner in the energy transition,” and as such, it is committed to building a better and brighter future by contributing to meeting today’s energy needs, while preserving the environment and natural resources for future generations, and adhering to the highest standards of sustainable human, social, economic, and environmental development.
