Brazil’s oil and gas regulator ANP has approved an 18-month extension of the exploration period for the Aram block in the Santos Basin pre-salt, pushing the deadline for Petrobras and China’s CNOOC to meet their commitments to June 30, 2029, according to BNamericas. The move gives the consortium more time to advance drilling in one of Brazil’s most promising pre-salt areas, seen as critical to maintaining oil supply self-sufficiency in the next decade. The Aram block was acquired in March 2020 during ANP’s 6th production-sharing…
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