On 3 December 2019, Petrobras published a teaser to sell its 50% non-operated working interest in the ANP Round 11 ES-T-506 and ES-T-516 exploration blocks in the onshore Espirito Santo Basin.     Petrobras holds 50% non-operated working interest in the two blocks operated by Cowan who will have preferential rights to the Petrobras 50% on offer.      Companies will bid on the blocks separately.      The contracts have a first period exploration period expiry of 6 June 2020 with the possibility of a two-year extension to conduct the exploration commitment work which Petrobras indicated was three exploration wells in each block. The second period would require one well in each block.      The customary qualification and manifestation of interest are required to enter the non-binding phase of the divestment process.      The manifestation of interest must be sent to esexpterra@petrobras.com.br by 12 December 2019.      The qualification documents must be sent to esexpterra@petrobras.com.br by 19 December 2019.
Brazil, not found