Petrobras starts farm-out process for three Equatorial Margin blocks
Offshore staff
RIO DE JANEIRO, Brazil — Petrobras has initiated the opportunity disclosure stage for the sale of a 40% interest in three blocks in Brazil’s deepwater Potiguar Basin.
Blocks POT-M-853 and POT-M-855 are within the BM-POT-17 exploratory concessions, while Block POT-M-762 is in the POT-M-762_R15 concession, all off the coast of Rio Grande do Norte.
Petrobras holds 100% stakes in these permit areas and will remain operator following the sale.
The company acquired the POT-M-853 and POT-M-855 exploration blocks in the 7th bidding round held by the National Petroleum Agency (ANP) in 2006. It has been conducting a discovery assessment plan for the Pitu well, with a commitment to drill an exploratory well (Pitu Oeste well) in 2023.
Petrobras secured POT-M-762 under the 15th ANP bidding round in 2018, and it expects to drill the Anhangá prospect between 2023 and 2024.
Pitu is a 25°API black oil accumulation in deltaic sandy reservoirs within the Middle/Upper Aptian play, with further prospects identified in the Xote, Itanhangá and Lucano structures.
The Anhangá well will be drilled into turbiditic sandy reservoirs.
08.17.2022