Project Profile
Value: Undisclosed
Location: Foz do Amazonas basin, offshore Brazil
Area: 766.0 km2
Start-up Year: -
BP and partner Petrobras won a deepwater block offshore Brazil in the Brazilian National Petroleum Agency’s (ANP’s) 11th bid round. BP will be operator of the block with 70% interest with Petrobras holding the remaining 30% interest. The companies have committed to explore concession block FZA-M-59 in the Foz do Amazonas basin in Brazil, for oil and gas resources, with the right to develop any commercial discoveries under the Brazilian concession regime. The block covers an area of each 766.0 km2. BP and its partner now expect to work with the ANP to finalise the awards. The signing of the contracts, in which BP will participate through its Brazilian subsidiary BP Energy do Brasil Ltda., is expected to take place in August 2013.
Operators:
BP: Operator with 70% interest
Petrobras: 30% interest