Petrobras has confirmed a new source for resources replenishment from an exploratory well within Block FZA-M-59 offshore Brazil, which has revealed hydrocarbons presence following drilling activities.
Electrical and rock indicator logs were deployed to confirm the hydrocarbon-bearing interval as part of the drilling operations, which continue in a safe and responsible exploration approach.
Located in deep waters off the coast of Amapa, in the Amazon River mouth sedimentary basin, on the Brazilian equatorial margin, Block FZA-M-59 lies alongside the Morpho well (1-BRSA-1405-APS), approximately 175 km off, in a water depth of 2,886 m.
“Our optimism regarding Brazil’s equatorial margin is confirmed today. This first discovery off the coast of Amapá is the result of Petrobras’ dedication and competence, which is committed to replenishing oil reserves and ensuring the country’s energy security,” said Petrobras President, Magda Chambriard.
Block FZA-M-59 activities form part of Petrobras' shifting focus on frontier exploration, driven by the strategy of replenishing oil and gas reserves to meet national energy demand during the just energy transition. Until now the major has been actively working on brownfield assets like Buzios which began production in January.
"With the first oil from the P-78 platform, we are starting the year already advancing towards our main goal for 2026: increasing Petrobras' oil and gas production. We project producing 2.5 million barrels of oil per day throughout this year, and a large part of that will come from Búzios, the country's largest field in terms of reserves and production. In addition, we are also expanding the supply of natural gas to the Brazilian market, another goal expressed in our Business Plan," Magda said while announcing first oil from the field.
Petrobras is the operator of Block FZA-M-59 and holds a 100% stake in the area. The block was acquired in the 11th Bidding Round of the ANP (National Agency of Petroleum, Natural Gas and Biofuels), in 2013, under the concession regime.
