BP farms into blocks offshore northern Brazil

Offshore staff

RIO DE JANEIRO – Brazil’s National Petroleum Agency (ANP) has approved BP’s farm-in to four deepwater exploration and production concessions operated by Petrobras.

BP Energy do Brasil is taking a 40% stake in each of the blocks. These are BM-BAR-3 and BM-BAR-5 in the Barreirinhas basin, and BM-CE-1 and BM-CE-2 in the Ceará basin. Altogether they cover a total area of 2,113 sq km (816 sq mi).

Blocks BM-CE-1 and BM-CE-2 were awarded in Brazil Round 2 (2000). They are located 75 km (46 mi) offshore Fortaleza, in water depths ranging from 100-2,200 m (328-7,218 ft).

BM-BAR-3 and BM-BAR-5 were awarded under Brazil Rounds 4 and 5 in 2002 and 2003, respectively. Both are 200 km (124 mi) offshore São Luís in water depths of 2,000-3,000 m (6,561-9,842 ft).

Following the transaction, BP will hold concessions in 14 blocks in Brazil, six as operator. It will partner Petrobras in nine of these concession areas: the Xerelete field, BM-C-34 and BM-C-35 (in the Campos basin); BT-PN-2 and BT-PN-3 (in the Parnaíba basin); and the newly awarded blocks.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...