Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) held a permanent offer bid round in Rio de Janeiro where 59 exploratory blocks were acquired in six basins by a total of 13 companies.
The auction totaled 422.4 million reais ($90.10 million) in signature bonus, with investments set to take place in six states: Rio Grande do Norte, Alagoas, Bahia, Espírito Santo, Santa Catarina, and Paraná, the agency said in an Apr. 13 release.
Shell Brasil (70%), in partnership with Ecopetrol Óleo e Gás (30%) purchased blocks SM-1599, SM-1601, SM-1713, SM-1817, SM-1908, and SM-1910, all in the Santos basin. Shell Brasil will operate the blocks and pay a total of R$98.158 million in signature bonuses.
With the addition of the new blocks, Shell now owns over 30 oil and gas contracts in Brazil.
Petro-Victory, Calgary, was awarded 19 new oil and gas blocks in Potiguar basin, Brazil, increasing its portfolio in the country to 38 blocks (37 in Potiguar basin). The new blocks cover 128,080 acres (518 sq km) and lie adjacent to Petro-Victory’s operating infrastructure at Andorinha, Alto Alegre, and Trapia oil fields.
Other operators with winning bids include TotalEnergies EP, Origin, Petroborn, 3R Petroleum, among others.