Chevron Brasil welcomes the results of Brazil’s 16th Bid Round. We are pleased to be part of the following five successful consortia, including two as the operator: 

• Block S-M-766: Chevron holds an operating 40% interest in this block located in the Santos Basin, along with partners Repsol and Wintershall DEA with a 40% and 20% interest respectively.

 

• Block C-M-845: Chevron holds an operating 40% interest in this block located in the Campos Basin, along with partners Repsol and Wintershall DEA with a 40% and 20% interest respectively.

 

• Block C-M-825: Chevron holds a 40% interest in this block located in the Campos Basin along with operating partner Repsol with a 60% interest.

 

• Block C-M-713: Chevron holds a 35% interest in this block located in the Campos Basin, along with operating partner Shell Brasil and partner Qatar Petroleum with a 40% and 25% interest respectively.

 

• Block  C-M-659: Chevron holds a 35% interest in this block located in the Campos Basin, along with operating partner Shell Brasil and partner Qatar Petroleum with a 40% and 25% interest respectively.

 

Brazil pre-salt and post-salt are world-class resources and the country is an important part of our Latin America portfolio. We are confident Chevron’s leading technological experience in deepwater development will contribute to the positive development of the oil and gas industry in Brazil. This acquisition strengthens Chevron’s presence in the country, complements the company’s worldwide portfolio of exploration opportunities and reinforces our commitment to Brazil for the long term.