A map of the exploration areas for this bid, where the pink-borded ones have been won by Equinor (image courtesy of Equinor)
The final equity distribution is Petrobras (30% operator), Equinor (28%), ExxonMobil (28%) and Petrogal Brasil (14%). The pre-determined signature bonus to be paid by the bidding consortium is approximately $682 million. The Uirapuru exploration block is located in the Santos basin, north of the BM-S-8 (Carcará discovery) and North Carcará blocks, both operated by Equinor.
A consortium comprising Equinor (25%), Petrobras (45%, operator) and BP (30%) were the high bidders (16.43% profit oil) for the Dois Irmãos producing sharing contract in the Campos basin. The pre-determined signature bonus to be paid by the bidding consortium is approximately $103 million. The Dois Irmãos block sits adjacent to an area where Equinor with partners were awarded four high potential blocks in the 15th licensing round in March.
This adds to Equinor’s existing portfolio in the Brazilian pre-salt area, which includes BM-S-8 and Carcará North, both in Santos basin, and the BM-C-33 in the Campos basin, containing the Pão de Açúcar discovery.