Brazil: Oil and Gas Contracts Wintershall Wins Seven Exploration Licenses from Brazil’s ANP
The German-based company is keen on developing a diversified portfolio in the region as it is considered to be one of the most promising oil regions in the world. Exploration activities in the allocated blocks will commence from 2019.
Rio de Janeiro/Brazil – Wintershall is continuing its growth course and has now been awarded exploration licenses in Brazil. In its 15th bidding round, Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has awarded interests in seven licenses to Germany’s largest internationally active oil and gas producer. The company will hold the operatorship for four of these licenses.
The licenses are located off the north and south-east coasts of Brazil. Initial exploration activities in the allocated blocks are now being planned and will take place from 2019. Wintershall has already been active in South America for several decades. It has been producing, for example, hydrocarbons in Argentina for almost 40 years – mainly natural gas – and is now the country’s fourth-largest gas producer. ANP issued a total of 47 licenses in the 15th bidding round.