Concession blocks provide opportunities for mid-size companies to explore Brazil and chase the latest play concepts. These blocks benefit from lower minimum signature bonuses and reduced work program commitments that compete effectively with other sedimentary basins around the world on cost.
The Concession POR sets the stage for a return to the kinds of exploration that drove some of Brazil’s early success in deep water, like basin-floor fans and associated reservoirs.
Around the Equatorial Margin, the PGS data library has over 20 000 sq. km GeoStreamer broadband 3D data, including Sergipe Alagoas. PGS’ modern acquisition, reprocessing, and background understanding will allow you to fully assess the exploration potential and the risks before bidding.
In the third cycle Concession POR, which ended in March 2022, bidders showed great interest in the southwest Santos Basin, an area where PGS plans to acquire new MultiClient data in 2022.