Chevron picks up two offshore blocks in Brazil

Oil major Chevron has been awarded two offshore blocks in the Santos and Campos basins as part of Brazil’s 16th Bidding Round for oil and gas exploration blocks, with its partners Wintershall Dea and Repsol.

Wintershall Dea said on Thursday it would hold an interest of 20% in the blocks S-M-766 and C-M-845, alongside its partners Repsol and Chevron (operator). The blocks contain pre-salt targets. A work program will include 3D seismic acquisition and prospect maturation.

The blocks are located 150 kilometers south-east of the pre-salt discovery Libra, in a new emerging area. They are adjacent to the exploration blocks S-M-764, C-M-821 and C-M-823 where Wintershall Dea, Chevron, and Repsol are already partners.

Hugo Dijkgraaf, Member of the Management Board of Wintershall Dea and responsible for Exploration, commented: “Brazil is one of the world’s most promising oil and gas regions. The blocks we won are an excellent fit to our plans in Brazil. The country is an important pillar in our global growth strategy.”

Valerie Bosse, Managing Director of Wintershall Dea in Brazil, said: “The blocks are located in the immediate vicinity of three licenses, where we already have exploration activities. They are a strong complement to our exploration portfolio, giving us further access to a maturing and emerging basin.”

Currently, Wintershall Dea holds participation interest in nine exploration licenses offshore Brazil, of which four as operator.

In the 16th Bidding Round, thirty-six blocks were offered in the sedimentary basins of Pernambuco-Paraíba, Jacuípe, Camamu-Almada, Campos and Santos, with an area of 29,300 square kilometers.

It is also worth mentioning that Total, with its partners Qatar Petroleum and Petronas, has won a deep offshore block in the 16th Bidding Round held by Brazil’s National Petroleum Agency (ANP).

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