Brazil expands offshore exploration map with 501 new blocks

AI Summary

Brazil's oil and gas regulator ANP has designated 501 new offshore exploration blocks covering about 380,000 square kilometres along the Equatorial Margin. The acreage spans 11 sectors across five basins, expanding areas available for potential future exploration.

Brazil has significantly expanded the area available for potential future oil and gas exploration along its Equatorial Margin, with regulator ANP defining 501 new offshore blocks covering around 380,000 sq km. The blocks fall within 11 new exploration sectors across the Foz do Amazonas, Pará-Maranhão, Barreirinhas, Ceará, and Potiguar basins. All the acreage is in …