KEYFACT Energy
Galp was awarded one exploration block pursuant to the 15th Concession Bidding Round hosted today by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) in Brazil.
The block awarded to Galp through its Brazilian unit Petrogal Brazil was block C-M-791 in the Campos basin, which contains pre-salt play potential. Committed works for the 7-year exploration period include 3D seismic and drilling of one exploration well.
|
Basin |
Block |
Operator |
Remaining partners |
Signature bonus |
|
Campos |
C-M-791 |
Shell (40%) |
Petrogal Brasil (20%), Chevron (40%) |
R$551,100,198 (c.US$ 164.9 m) |
Note – Chevron: Chevron Brazil Ventures Llc. | Shell: Shell Brasil Petróleo Ltda.
This acquisition reflects Galp’s strategic interest in expanding its presence in core areas, such as the Brazilian offshore, through selected partnerships, in this case with Shell and Chevron, two of the world’s most renowned energy companies.