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Oil & Gas

Qatar Petroleum Wins Exploration Rights in Three Offshore Blocks in Brazil

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Qatar Petroleum has won exploration rights in three offshore blocks in Brazil, as part of two bidding consortia.

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The winning bids were announced by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) at a public bidding session held in Rio de Janeiro. Competing bids were submitted to the ANP and the winners were announced throughout the course of the public session.

Qatar Petroleum won the exploration rights for block 541 in the Campos basin as part of a consortium comprising affiliates of Total (Operator with 40% interest), Qatar Petroleum (40% interest), and Petronas (20%).

Qatar Petroleum also won the exploration rights for blocks 659 and 713 in the Campos basin as part of a consortium comprising affiliates of Shell (Operator with 40% interest), Chevron (35% interest), and Qatar Petroleum (25% interest).

HE Saad Sherida Al Kaabi, President and CEO of Qatar Petroleum, said they are pleased to have won the exploration rights to the offshore exploration blocks.

This successful result further strengthens Qatar Petroleum’s footprint in Brazil, marking yet another successful step towards realising our international growth strategy, and turning Brazil into a cornerstone of our international portfolio.’

Al Kaabi also thanked the Brazilian authorities for their transparent and efficient tender process, and all their partners for their cooperation in the process.

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