HOME

LAW FIRM

TEAM

OFFICE PERFORMANCE

PUBLICATIONS

CONTACT

OMBUDSMAN

New Petrobras oil discovery in the Sudoeste de Tartaruga Verde block

Petrobras has confirmed a new discovery of high-quality oil in the Sudoeste de Tartaruga Verde block, located in the Campos Basin, off the coast of the state of Rio de Janeiro. The oil was identified in the exploratory well 4-BRSA-1403D-RJS, situated approximately 108 kilometers from the coast of Campos dos Goytacazes, in waters 734 meters deep. The drilling of the well has been completed, and the presence of oil was confirmed through electric log analyses, gas indicators, and fluid sampling. The collected samples will undergo laboratory analyses to characterize both reservoir conditions and fluid properties, a necessary step in determining the production potential of the area.

The block was acquired by Petrobras in September 2018 during the 5th Production Sharing Bidding Round, and the company holds a 100% operating stake, with Pré-Sal Petróleo S.A. (PPSA) overseeing the contract. The discovery further reinforces the exploratory potential of the post-salt section of the Campos Basin, a historically strategic region for Brazil’s oil production.

Photo: Canva

MORE PUBLICATIONS

Biofuels diplomacy and Brazil’s low-carbon positioning

Biofuels diplomacy and Brazil’s low-carbon positioning

Brazil has intensified its international biofuels agenda in Germany amid ongoing regulatory review, reinforcing the country’s ambition to position biofuels as part of the global energy transition. Market Impact This movement may support: greater international...

Oil royalties remain under judicial review

Oil royalties remain under judicial review

The STF is resuming the judgment of the long-standing dispute over the redistribution of oil royalties, involving the constitutionality of Law No. 12,734/2012 and its impact on producing and non-producing states. At the same time, ANP recently distributed R$ 4.9...

Gas tariff review enters decisive phase

Gas tariff review enters decisive phase

Brazil’s natural gas transportation tariff review has entered a critical phase, with discussions around the valuation of the Regulatory Asset Base and the potential impact on pipeline remuneration. Market Impact The review may affect: transportation costs for gas...