Qatar Petroleum (QP), the country's hydrocarbon bellwether, 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 Thursday’s public session.
QP won the exploration rights for block  in the Campos basin as part of a consortium comprising affiliates of Total (Operator with a 40% interest), QP (40% interest), and Petronas (20%).
It 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% interest), Chevron (35% interest), and QP (25% interest).
"This successful result is the fourth of its kind, which further strengthen QP’s footprint in Brazil, marking yet another successful step towards realising our international growth strategy, and turning Brazil into a cornerstone of our international portfolio,” said HE the Minister of State for Energy Affairs as well as QP president and chief executive, Saad bin Sherida al-Kaabi.
QP, an integrated national oil corporation responsible for the sustainable development of the oil and gas industry in Qatar and beyond, covers the entire spectrum of the oil and gas value chain locally, regionally, and internationally, and include the exploration, refining, production, marketing and sales of oil and gas, liquefied natural gas, natural gas liquids, gas to liquids products, refined products, petrochemicals, fertilisers, steel and aluminium.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Leisure tourism demand surge seen supporting hotel sector in Qatar
India’s prized investment grade status is hanging by a thread
Bitcoin is still struggling after Musk’s Tesla U-turn
Qatar seen as leading arbitration hub, says QICCA official
UK economy grows more strongly than expected in March
US consumer prices post largest gain in nearly 12 years in April
Robust Chinese fuel demand cushioning oil market once again
Amazon wins court battle to throw out $303mn EU tax bill
Vaccines begin to open up borders