Posted on October 12, 2019

Qatar Petroleum (QP) has won exploration rights in three offshore blocks in Brazil, as part of two bidding consortia. The winning bids were announced by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) at a public bidding session held in Rio de Janeiro. Competing bids were submitted to the ANP and the winners were announced throughout the course of yesterday’s public session.

Qatar Petroleum won the exploration rights for block (541) in the Campos basin as part of a consortium comprising affiliates of Total (operator with a 40 percent interest), Qatar Petroleum (40 percent interest), and Petronas (20 percent). Qatar Petroleum also won the exploration rights for blocks (659 and 713) in the Campos basin as part of a consortium comprising affiliates of Shell (operator with a 40 percent interest), Chevron (35 percent interest), and Qatar Petroleum (25 percent interest).

Commenting on these results, H E Saad Sherida Al Kaabi, the Minister of State of Energy, the President & CEO of Qatar Petroleum, said: “We are pleased to have won these offshore exploration blocks. This successful result is the fourth of its kind, which further strengthen Qatar Petroleum’s footprint in Brazil, marking yet another successful step towards realizing our international growth strategy, and turning Brazil into a cornerstone of our international portfolio.” His Excellency added: “I would like to take this opportunity to thank the Brazilian authorities for their transparent and efficient tender process, and all our partners for their excellent cooperation in achieving this result.”

source: The Peninsula

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