Brazil expands offshore exploration map with 501 new blocks

Brazil has significantly expanded the area available for potential future oil and gas exploration along its Equatorial Margin, with regulator ANP defining 501 new offshore blocks covering around 380,000 sq km. The blocks fall within 11 new exploration sectors across the Foz do Amazonas, Pará-Maranhão, Barreirinhas, Ceará, and Potiguar basins. All the acreage is in…