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    Wintershall Picks up Brazilian Acreage

Summary

The German exploration company has won seven blocks offshore Brazil where it sees huge potential in the different basins.

by: William Powell

Posted in:

Natural Gas & LNG News, Americas, Corporate, Exploration & Production, Political, Ministries, Licensing rounds, News By Country, Brazil, Germany, Latin America

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