Malaysia's Petronas wins Agua Marinha exploration block in Brazil

KUALA LUMPUR: Malaysia's state energy firm Petronas said on Tuesday it had won the Agua Marinha exploration block in the Campos Basin during Brazil's bid round.

Petronas said in a statement it won the block during the first cycle of Brazil's open acreage under a production-sharing regime bid held in Rio de Janeiro. Its subsidiary Petróleo Brasil Ltda will hold a 20 per cent participating interest in the block, Petronas said. Petrobas, as the operator will hold 30 per cent share, TotalEnergies will hold 30 per cent, and QatarEnergy 20 per cent.

"This success demonstrates our competitive edge in sustainably developing and monetising assets in the Campos Basin," Petronas Vice President of Exploration Mohd Redhani Abdul Rahman said. PPBL recently announced the first oil discovery at the 4-BRSA-1386D-RJS well in the pre-salt Sépia oil field in the Santos Basin, it said.

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Malaysia's Petronas wins Agua Marinha exploration block in BrazilKUALA LUMPUR : Malaysia's state energy firm Petronas said on Tuesday it had won the Agua Marinha exploration block in the Campos Basin during Brazil's bid round. Petronas said in a statement it won the block during the first cycle of Brazil's open acreage under a production sharing regime bid held in Rio
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