TotalEnergies, Its Co-Venturers Awarded a New Exploration License

TotalEnergies, Its Co-Venturers Awarded a New Exploration License

TotalEnergies, QatarEnergy, and Petronas Petróleo Brasil Ltda (PPBL) have been awarded the Agua Marinha block today in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP). Petrobras has exercised their right to take 30% Participating Interest and Operatorship.

Agua Marinha is a large block of 1,300 km2, about 140 km from onshore, located in the pre-salt Campos Basin.

“TotalEnergies is pleased to expand its presence in the Campos Basin with this new exploration block, alongside three strategic partners. This is in line with our strategy to focus exploration on selected high potential basins which can deliver material low cost, low carbon intensity resources,” said Kevin McLachlan, Senior Vice President, Exploration of TotalEnergies.

With a 30% holding in the block, TotalEnergies will take part alongside Petrobras operator, QatarEnergy, and PPBL.

The admission into this block comes after the entry into the South Santos basin’s S-M-1815 and S-M-1711 blocks during the third cycle of the permanent offer, which took place on April 13, 2022.

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