KUALA LUMPUR, Oct 11 (Bernama) — PETRONAS through its subsidiary, PETRONAS Petróleo Brasil Ltda. (PPBL) successfully won three exploration blocks during Brazil’s exploration blocks bid round held at the Grand Hyatt Hotel, Rio de Janeiro yesterday.
PPBL won blocks CM 661, CM 715 and CM 541, all located in the Campos Basin, offshore Brazil, in a public announcement made by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) during the ANP Round-16 Concession’s Bid Round. For Blocks CM 661 and CM 715, PPBL as the operator holds 100% equity. For Block CM 541, Total, as the operator holds 40% equity, Qatar Petroleum (40%) and PPBL holds the remaining 20% equity.