Equinor acquired, this Wednesday (22), two exploration areas during the 3rd Cycle of the Permanent Production Sharing Offer (OPP), held by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP). The Itaimbezinho and Jaspe blocks, located within the Pre-salt Polygon, are in the Campos Basin — the same region where the company began its operations in Brazil with the Peregrino field and where it is developing the Raia Project.

“Our positive results in this round, securing two new exploration opportunities in Brazil, make us very proud. This is another milestone that reinforces our commitment to Brazil, a key country in our international portfolio. We are adding longevity to our portfolio while proving that we are capable of executing large-scale and complex projects, as we did with Bacalhau last week,” said Veronica Coelho (photo), President of Equinor Brazil.

In the Permanent Production Sharing Offer, the consortia that offer the highest percentage of profit oil to the federal government are considered the winners. Thus, Equinor (100% and operator) acquired the Itaimbezinho block with an offered percentage of 6.95%. In the case of Jaspe, the consortium formed by Petrobras (60%, operator) and Equinor (40%) won the bidding round with an offered profit oil share of 32.85%.

With more than two decades of operations in the region — a period during which the company has developed strong technical capabilities and local expertise — the newly acquired blocks present potential synergies with infrastructures currently being developed by Equinor in the Campos Basin.

Itaimbezinho, for instance, is located about 15 kilometers from Raia, a project scheduled to start production in 2028, which will have the capacity to deliver 16 million cubic meters of natural gas per day — the equivalent of 15% of Brazil’s national gas demand at that time.