QatarEnergy Snares Interest in Brazilian Offshore Block
The Agua-Marinha block is located in the Campos Basin off Brazil.
QatarEnergy, in a consortium with TotalEnergies and Petronas, has been awarded the Agua‑Marinha production-sharing contract (PSC) under the 1st Cycle Permanent Offer round by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).
Under the terms of the PSC and associated agreements, QatarEnergy will hold a 20% working interest, alongside the operator Petrobras (30%), TotalEnergies (30%), and Petronas Petroleo Brasil Ltda. (20%).
The block has a total area of 1300 km2 and is in water depths of about 2000 m off the coast of Rio de Janeiro in the Campos Basin.
The winning consortium will pay a signature bonus of $12.3 million to the federal government.