Qatar Energy secures seven Brazil offshore exploration permits

Qatar Energy has secured a 30% stake in seven offshore areas off the coast of Brazil, as part of a partnership with Brazilian company Petrobras, which will operate the areas, while Qatar Energy holds exploration and production rights in those regions. The areas are located in the Ceará Basin along Brazil's northeastern coast, covering approximately 4,700 square kilometers in waters with depths ranging from 2,000 to 3,600 meters. This move aims to strengthen Qatar Energy's presence in the exploration and production sector abroad, with lease agreements expected to be signed during the first half of 2027. It is part of the company's strategy to develop its assets in Brazil.

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