Galp Acquires Seven Offshore Brazil Blocks

During the 9th bidding round for exploratory blocks organized by the National Oil, Gas and Biofuels Agency ("ANP") in Brazil, Galp Energia has acquired the following blocks:

--Campos Basin: Block C-M-593. Located in an area with high potential on shallow waters, the total signature bonus for the Block was 15.3 million Brazilian Reais. The winner consortium, where Galp Energia holds a participation of 15%, also includes Petrobras, the operator with 47.5% and Ecopetrol, S.A., with 37.5%;
--Santos Basin: Block S-M-1162, Block S-M-1163 and Block S-M-1227. These three blocks are situated in a high potential area on shallow waters. The winner consortium, where Galp Energia holds a participation of 20%, also includes Petrobras, operator with 60% and Queiroz Galvao Oleo e Gas, S.A., with 20%. The total signature bonus paid for these three blocks was 106 million Brazilian Reais;
--Pernambuco-Paraíba Basin: Block PEPB-M-783, Block PEPB-M-837 and Block PEPB-M-839. These blocks are located in a sector called "new frontier," and the total signature bonus for the three blocks was 7.6 million Brazilian Reais. The winner consortium is composed by Petrobras, operator with 80%, and by Galp Energia with 20%.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Division Order Analyst - DJ Land Administration
Expertise: Business Analyst|Commercial Management|Landman
Location: Denver, CO
Staff Land Analyst Job
Expertise: Lease Analyst
Location: Houston, TX
Channel Development Manager Job
Expertise: Business Development|Sales
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours