Petrobras-Shell consortium signs 26 concession contracts in Pelotas basin

Petrobras and Shell have signed concession contracts for 26 blocks in Pelotas basin offshore Brazil.

The contracts were signed following awards related to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) auction in December 2023 to explore for oil and gas in the exploratory frontier (OGJ Online, Dec. 14, 2023).

In total, ANP put up for auction 165 deep-water areas in Pelotas, a basin in the Atlantic Ocean off the southern state of Rio Grande do Sul.

Petrobras will serve as operator of the consortium with 70% interest. Shell will hold the remaining 30%.

The contracts refer to blocks P-M-1277, P-M-1279, P-M-1281, P-M-1361, P-M-1363, P-M-1441, P-M1443, P-M-1357, P-M-1359, P-M-1439, P-M-1516, P-M-1518, P-M-1595, P-M-1597, P-M-1793, P-M1795, P-M-1838, P-M-1840, P-M-1520, P-M-1522, P-M-1599, P-M-1674, P-M-1676, P-M-1678, P-M1743, P-M-1799.

In addition to the consortium with Shell, Petrobras was awarded three other blocks in partnership, whose contracts will be signed at a later date, the company said.