Petrobras inks exploration JVs off Brazil

Brazilian firm Petroleo Brasileiro SA has signed two more joint-venture agreements for exploration of license blocks off Brazil. The latest JVs are with groups led by BP Amoco PLC and Royal Dutch/Shell.Announcements of signed agreements for the offshore acreage have been steady ever since Brazil's National Petroleum Agency (ANP) allotted a group of blocks to Petrobras under the country's demonopolization program.Block BFZ-2A group led by BP Amoco unit British Petroleum Brasil Ltda. signed an exploration agreement with Petrobras for Block BFZ-2 in the Foz do Amazonas basin off northern Brazil (see map). Interests in the block are: operator BP Amoco, 35%; Petrobras, 30%; ExxonMobil ...

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