PETRONAS’ subsidiary, PETRONAS Petróleo Brasil Ltda. (PPBL) and partners have won the Agua Marinha exploration block during the first cycle of Brazil’s open acreage under production sharing regime bid held in Rio de Janeiro.

PPBL will hold a 20 per cent participating interest in the block located in the Campos Basin, with Petrobras (30 per cent) as the operator, TotalEnergies (30 per cent) and QatarEnergy (20 per cent).

The result of the bid for the pre-salt acreage area was announced by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) in a live ceremony on 16 December.

PETRONAS Vice President of Exploration, Mohd Redhani Abdul Rahman said, “We are truly thrilled by the favourable outcome of the bid round. This success demonstrates our competitive edge in sustainably developing and monetising assets in the Campos Basin.

“PETRONAS remains focused to unlock more value from the assets with its partners alongside the host authorities,” he added.

PPBL recently announced the first oil discovery at the 4-BRSA-1386D-RJS well in the pre-salt Sépia oil field in the Santos Basin. It has a 21 per cent participating interest in the field.

PPBL also holds participating interests in the Tartaruga Verde (BM-C-36 Concession) and Module III of the Espadarte (Espadarte Concession) deepwater fields, as well as three deepwater exploration blocks, C-M-541, C-M-661 and C-M-715, in the Campos Basin.

About Petronas

Established in 1974, Petroliam Nasional Berhad (PETRONAS) is a global energy and solutions company, ranked amongst the largest corporations on Fortune Global 500®️. As an integrated global LNG producer with over 37 years of experience, PETRONAS provides an uninterrupted supply of LNG to more than 25 countries around the world. PETRONAS has safely delivered more than 11,000 cargoes globally, sourced from its portfolio of facilities located in Malaysia, Australia and Egypt. PETRONAS is also the first global energy player to introduce the floating LNG concept in 2016, the PFLNG SATU, and introduced its deep-water FLNG, the PFLNG DUA, in 2021.

About QatarEnergy

As a fully integrated energy corporation, QatarEnergy covers the full spectrum of the oil and gas value chain – from exploration to production, from processing and refining to sales and delivery.
As stewards of Qatar's natural resources and the world's largest provider of LNG, our strength rests in our ready access to Qatar's unique reserves to provide energy that fuels social and economic prosperity.

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.