On 27 October 2017 Petrobras was granted a preliminary award for being the high bidder for the Entorno de Sapinhoa block in the 2nd PSC Pre-Salt Bid Round.Â  Petrobras exercised its preferential rights for the block and with partners, Repsol Sinopec and Shell, offered the highest state take of profit oil at 80% and USD 60.79 million in total fixed bonus to be paid to the Brazilian government based on the USD to BRL exchange rate of the day of 1USD/3.29 BRL.Â  Petrobras is operator with 45% working interest and non-operating working interest holders are Repsol Sinopec with 25% and Shell with 30%.Â  This represents the same working interest held in the 233.2 sq km Sapinhoa production concession that will be unitized with the Entorno de Sapinhoa area of 213.99 sq km.Â  There was a distant 2nd place bid for the block by the consortium of Petrobras (80%) and OP Energia (20%) offering a state take bid of 21.17%.Â Â  There is no exploration or evaluation period for the block nor any minimum work program since it will be unitized with the producing Sapinhoa field.Â  The Sapinhoa field is postulated to have a northeastern extension into the largest area of the Entorno de Sapinhoa block.Â  It is assumed the partners will drill some type of appraisal well into this area in the future.
Brazil (Santos B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: Sapinhoa op. by PETROBRAS (45.0%, SHELL 30.0%, REPSOL SIN 25.0%) to be check.