Wintershall Picks up Brazilian Acreage
German chemicals giant BASF's upstream subsidiary Wintershall won seven exploration licences in Brazil's 15th bidding round, it said April 3.
They included four operatorships: one in the Ceara Basin and three in the Potiguar Basin, all at 100%. The rest of its awards were 20% stakes in three blocks: one in the Santos Basin and two in the Campos Basin. In each case it partnered Spanish Repsol and US Chevron, both with 40% in each case.
“The coast of Brazil is considered one of the most promising oil regions in the world. As part of our growth course we're also looking to become active in new regions, and Brazil offers considerable potential,” said Wintershall's director for South America, Russia and north Africa, Thilo Wieland. “Over the past few months we’ve evaluated a lot of data and interpreted the geology. The blocks show huge potential. We want to build a broad and diversified portfolio in Brazil and be active in different basins.”
They are off the north and south-east coasts of Brazil. Initial exploration activities in the allocated blocks are now being planned and will take place from 2019.
At annual results last month, Wintershall named Brazil as its newest exploration region. It has long produced onshore Argentina, but mainly operates in Europe, North Africa and the Middle East.
Companies awarded licences in Brazil's latest 15th round of deepwater licences last week have also included state Petrobras, Statoil, ExxonMobil, BP, Repsol, Shell, Chevron, Portugal's Galp, Qatar Petroleum, Murphy, Wintershall and local firm Queiroz Galvao.
The full list of 15th round winners published by Brazilian upstream regulator ANP is available below. Twelve companies acquired blocks (10 foreign, two Brazilian) covering a total area of 16,400.30 km² . The signing of the contracts is expected to occur until November 30, 2018.
|
Basin |
Sector |
Block |
Winning company/consortium |
Signature bonus (in reais) |
|
Santos |
SS-AUP1 |
S-M-536 |
ExxonMobil Brasil* (64%), QPI Brasil (36%) |
R$ 165,000,000.00 |
|
Santos |
SS-AUP1 |
S-M-647 |
ExxonMobil Brasil* (64%), QPI Brasil (36%) |
R$ 49,500,000.00 |
|
Santos |
SS-AUP1 |
S-M-764 |
Chevron Brazil* (40%), Wintershall Holding (20%), Repsol (40%) |
R$ 131,930,768.13 |
|
Potiguar |
SPOT-AP1 |
POT-M-762 |
Petrobras* (100%) |
R$ 5,134,684.33 |
|
Potiguar |
SPOT-AP2 |
POT-M-857 |
Wintershall Holding* (100%) |
R$ 57,304,800.00 |
|
Potiguar |
SPOT-AP2 |
POT-M-859 |
Petrobras* (60%), Shell Brasil (40%) |
R$ 13,494,981.55 |
|
Potiguar |
SPOT-AP2 |
POT-M-863 |
Wintershall Holding* (100%) |
R$ 24,559,200.00 |
|
Potiguar |
SPOT-AP2 |
POT-M-865 |
Wintershall Holding* (100%) |
R$ 16,372,800.00 |
|
Potiguar |
SPOT-AP2 |
POT-M-948 |
Shell Brasil* (100%) |
R$ 1,963,358.55 |
|
Potiguar |
SPOT-AP2 |
POT-M-952 |
Petrobras* (60%), Shell Brasil (40%) |
R$ 20,051,365.75 |
|
Campos |
SC-AP5 |
C-M-657 |
Petrobras* (30%), Statoil Brasil O&G (30%), ExxonMobil Brasil (40%) |
R$ 2,128,500,000.00 |
|
Campos |
SC-AP5 |
C-M-709 |
Petrobras* (40%), Statoil Brasil O&G (20%), ExxonMobil Brasil (40%) |
R$ 1,500,000,000.00 |
|
Campos |
SC-AP5 |
C-M-753 |
ExxonMobil Brasil* (40%), Petrobras (30%), QPI Brasil (30%) |
R$ 330,000,000.00 |
|
Campos |
SC-AP5 |
C-M-755 |
BP Energy* (60%), Statoil Brasil O&G (40%) |
R$ 43,361,000.00 |
|
Campos |
SC-AP5 |
C-M-789 |
ExxonMobil Brasil* (40%), Petrobras (30%), QPI Brasil (30%) |
R$ 2,824,800,000.00 |
|
Campos |
SC-AP5 |
C-M-791 |
Shell Brasil* (40%), Petrogal Brasil (20%), Chevron Brazil (40%) |
R$ 551,100,197.94 |
|
Campos |
SC-AP5 |
C-M-793 |
BP Energy* (60%), Statoil Brasil O&G (40%) |
R$ 43,361,000.00 |
|
Campos |
SC-AP5 |
C-M-821 |
Repsol* (40%), Wintershall Holding (20%), Chevron Brazil (40%) |
R$ 51,770,822.13 |
|
Campos |
SC-AP5 |
C-M-823 |
Repsol* (40%), Wintershall Holding (20%), Chevron Brazil (40%) |
R$ 40,080,826.13 |
|
Ceará |
SCE-AP2 |
CE-M-601 |
Wintershall Holding (100%) |
R$ 9,005,040.00 |
|
Sergipe-Alagoas |
SSEAL-AUP1 |
SEAL-M-430 |
ExxonMobil Brasil* (50%), Murphy (20%), Queiroz Galvão (30%) |
R$ 3,630,430.00 |
|
Sergipe-Alagoas |
SSEAL-AUP2 |
SEAL-M-573 |
ExxonMobil Brasil* (50%), Murphy (20%), Queiroz Galvão (30%) |
R$ 3,630,573.00 |
*Operator; Source: Brazil's ANP