Libra partners plan to hand back southeast area

April 19, 2021
Petrobras and its partners in the consortium for the deepwater Libra block in the presalt Santos basin have notified Brazil’s ANP that they plan to relinquish the block’s southeast area.

Offshore staff

RIO DE JANEIROPetrobras and its partners in the consortium for the deepwater Libra block in the presalt Santos basin have notified Brazil’s ANP that they plan to relinquish the block’s southeast area.

Since evaluation activities started on the block, the southeast area – a distinct compartment from the other ones – was seen as low potential, and new data analysis has confirmed this view, Petrobras said.

The relinquishment is in accordance with the discovery evaluation plan of well 3-BRSA-1267-RJS, covering the central and southeast areas of the block following the declaration of commerciality of the northwest area, containing the Mero field, the third largest presalt producer.

Exploration/evaluation of this area will continue until March 2025.

04/19/2021