Petrobras signs production sharing contract for Agua Marinha block offshore Brazil

Petróleo Brasileiro SA (Petrobras) signed a production sharing contract (PSC) for the Agua Marinha block, which was awarded by Brazil’s National Petroleum Agency (ANP) in December 2022.

Agua Marinha is a 1,300-sq km exploration block in the presalt Campos basin south of Marlim Sul field and about 140 km from shore. The work program includes drilling one firm exploration well during the exploration period, partner TotalEnergies said in a release May 31.

Petrobras is operator of the block with 30% interest. Partners are TotalEnergies (30%), QatarEnergy (20%), and Petróleo Brasil Ltda (PPBL) (20%).

During the same bid round, Petrobras acquired the Norte de Brava block (100% interest) and Sudoeste de Sagitário, a block that was acquired with a 60% stake in consortium with Shell (40%), the company said in a separate release May 31.