Petrobras Finds Second Hydrocarbon Interval at Morpho Well in Margem Equatorial

Overview

• Petrobras announced on Friday that continued drilling at the Morpho well (block FZA‑M‑59) in the Foz do Amazonas identified a second hydrocarbon‑bearing interval at about 2,886 meters of water depth.
• The company said the interval was flagged by electric logs, rock shows and fluid samples and that laboratory analyses and data integration are under way to assess fluid quality and recoverable volumes.
• Petrobras plans three adjacent delimitation wells beginning in January 2027, but those wells depend on Ibama environmental licensing and the arrival of the drilling unit NS‑43.
• The ANP on the same day approved delimitation of 11 exploratory sectors that configure 501 new blocks in the Margem Equatorial, stressing that sector mapping does not mean the blocks will be offered for licensing automatically.
• Scientists, NGOs and local stakeholders have raised environmental and social concerns about drilling in ultra‑deep waters near reefs, mangroves and fishing areas, and policymakers must weigh those risks alongside estimates that the Foz do Amazonas basin could hold up to about 10 billion barrels of oil equivalent.