Recent Updates — PBR
Petrobras has identified another oil-bearing interval in the Morpho well, marking the third discovery in block FZA-M-59 located in ultra-deep waters off the coast of Amapá at a depth of 2,886 meters. Drilling and geological data acquisition are complete, with only well abandonment remaining before the rig moves to the Potiguar Basin. This finding supports the company's strategy of replenishing reserves through new frontier exploration. Petrobras is a Brazilian integrated energy company engaged in oil and gas exploration, production, refining, and distribution.
Petróleo Brasileiro S.A. - Petrobras received new installments under its Gasoline and Diesel Economic Subvention Programs. The company collected R$39.6 million for residual diesel sales on June 1, R$467.7 million for gasoline sales between July 1 and July 15, and R$2.3 billion for diesel sales during the same period. These payments bring the cumulative amount received under the diesel, gasoline, and LPG subsidy programs to approximately R$16 billion. Petrobras operates in the integrated oil and gas industry.
Petrobras announced it will release its third-quarter 2026 Production and Sales Report on October 28, 2026, followed by its 3Q26 Financial Results on November 10, 2026, both after market close. A webcast to present the results is scheduled for November 11, 2026, at 9:30 a.m. New York time, with simultaneous translation available in English and Portuguese. The company operates in the integrated oil and gas industry.
Petróleo Brasileiro S.A. – Petrobras has signed Cost and Volume Balancing Agreements with partners in the BM-S-11A Consortium—Shell, TotalEnergies, and Petrogal—for the Berbigão and Sururu Shared Reservoirs in the Santos Basin. As a result of these agreements, which reconcile production revenues and expenditures based on proportional interests defined by approved Production Individualization Agreements, Petrobras will receive a net amount of approximately US$ 859 million from its partners. Settlement is expected by November 2026 for the period covering execution through April 30, 2026. The company operates as an integrated energy corporation involved in oil and gas exploration, production, refining, and distribution.
Petrobras acquired 21 exploration blocks across the Campos, Santos, and Ceará basins following participation in Brazil’s National Agency for Petroleum, Natural Gas and Biofuels (ANP) bidding rounds. The company secured a 100% interest in the Azurita and Cruzeiro do Sul production sharing blocks, as well as multiple concession blocks in the Campos Basin. In the Ceará Basin, Petrobras holds a 70% stake alongside QatarEnergy Brasil Ltda. Total signature bonuses amount to R$3,219,251,245.60, payable by December 30, 2026. The acquisitions add more than 18,000 km² to the company's exploration portfolio and support its ultra-deepwater strategy. Petrobras is a Brazilian integrated energy company engaged in oil and gas exploration, production, refining, and distribution.
Petrobras announced a new oil discovery in the Morpho well (1-BRSA-1405-APS) within block FZA-M-59, located in ultra-deep waters off the coast of Amapá at a depth of 2,886 meters. This finding follows an initial discovery reported on August 14, 2026, and expands the understanding of the petroleum systems and resource potential in the Foz do Amazonas Sedimentary Basin. The company intends to complete drilling activities and conduct laboratory analyses to characterize the formations. Petrobras operates in the global oil and gas exploration and production industry.