Petrobras Acquires Blocks in Campos Basin in ANP Bidding Process

Petróleo Brasileiro S.A. – Petrobras announced the successful acquisition of both blocks in the Campos Basin during the 3rd Cycle of the Permanent Production Sharing Offer conducted by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP). Petrobras secured 100% of the bids submitted, acquiring the Jaspe block in partnership with Equinor Brasil Energia Ltda., where Petrobras holds a 60% stake and operates the consortium, and fully acquiring the Citrino block. The winning bids were determined based on the percentage of surplus oil to be made available to the Federal Union, with a fixed signing bonus established in the tender notice. The total signing bonus to be paid by Petrobras in March 2026 amounts to approximately R$ 37 million. This acquisition aligns with Petrobras’ long-term strategy, reinforcing its position as a leading operator in ultra-deep waters and enhancing its ability to replenish reserves.