Foz do Amazonas exit as Petrobras takes stakes

摘要

UK supermajor BP has decided to exit exploration activities in the Foz do Amazonas basin in Brazil's northern equatorial margin after failing to obtain the necessary permits to drill a well in the environmentally sensitive region. Brazilian oil giant Petrobras revealed this week that it has acquired BP's working interests at six blocks in Foz do Amazonas. These include 30% stakes in blocks FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127, as well as a 70% interest in Block FZA-M-59. The deal takes place just months after French supermajor Total relinquished operatorship of five permits in the Foz do Amazonas basin and transferred the stakes to Petrobras.