Petrobras announces results of ANP bidding process

Petrobras reports that it has acquired ten blocks in the Foz do Amazonas Basin and three blocks in the Pelotas Basin in the 5th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

In the Foz do Amazonas Basin, Petrobras acquired blocks FZA-M-1040, FZA-M-1042, FZA-M-188, FZA-M-190, FZA-M-403, FZA-M-477, FZA-M-547, FZA-M-549, FZA-M-619 and FZA-M-621, in partnership with ExxonMobil Exploração Brasil. In the first five blocks, the consortium will have Petrobras as operator, with a 50% stake, in partnership with ExxonMobil (50%). In the other five blocks, ExxonMobil will be the operator and Petrobras will have a 50% stake.

In the Pelotas Basin, Petrobras acquired blocks P-M-1670, P-M-1672, P-M-1741 in partnership with Petrogal Brasil S.A. The consortium will have Petrobras as operator in all blocks, with a 70% stake, in partnership with Petrogal Brasil (30%).

The value of the signature bonus to be paid in October 2025 by the company is around R$ 139 million. In addition to the signature bonus, the Minimum Exploratory Program (PEM) to be applied to each block, expressed in Work Units (WUs) - which cover the activity to be carried out during the exploratory activity - was also considered as a criterion for judging the auction.

“We managed to win the areas that were our priorities, offering bonus amounts within our economic premises. We are satisfied with the auction results. With these results and the continuity of our exploration activities, including in the Equatorial Margin and the Pelotas Basin, we remain optimistic about our chances of replacing oil reserves and ensuring Brazil's energy security”, said Petrobras CEO Magda Chambriard.

The table below summarizes the results of Petrobras' participation in the ANP's 5th Permanent Concession Offer Cycle:


*Operator

Petrobras participation in the 5th Cycle of the Permanent Concession Offer is in line with the company's long-term strategy and strengthens its profile as the main operator of oil fields located in ultra-deep waters, boosting the reserves replacement for the company's future.

Petrobras acted selectively in the auction to ensure the incorporation of almost 9,600 km2.