Qatar Energy secures 7 offshore licenses in Brazil
Qatar Energy, through a partnership with Petrobras, secured stakes in seven offshore areas off the coast of Brazil as part of the bidding round organized by the Brazilian Energy Agency. Qatar Energy will hold a 30% share, while Petrobras will have the largest stake at 70%. The areas, located in the Ceará basin, cover approximately 4,700 square kilometers in waters ranging from 2,000 to 3,600 meters deep off northeastern Brazil. The concession agreements are expected to be signed during the first half of 2027, reinforcing Qatar's presence in Brazil's exploration and production sector. This move signifies the expansion of Qatar Energy’s asset portfolio in natural gas and oil exploration, highlighting international cooperation in the energy sector and investment in new regions.
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