Project Profile
Value: Undisclosed
Location: Foz do Amazonas basin, offshore Brazil
Area: Each 766.0 km2 (in total 3830 km2)
Start-up Year: -
BP and partners Total and Petrobras have won five deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency’s (ANP’s) 11th bid round. Total will be operator of the blocks. The companies have committed to explore concession blocks FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125, and FAZ-M-127 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 blocks cover each 766.0 km2 (in total 3830 km2). Total will be the operator with a 40% interest, while BP and Petrobras will hold each 30% interest. BP and its partners 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:
Total: Operator with 40% interest
BP: 30% interest
Petrobras: 30% interest