BP and co-partners will explore concession blocks FZA-M-57, FZA-M-59, FZA-M-86, FZA-M-88, FZA-M-125, and FAZ-M-127, in the Foz do Amazonas basin, BAR-M-346 in the Barreirinhas basin, and POT-M-764 in the Potiguar basin.
The British energy firm will be the operator with a 70% stake in block FZA-M-59, and 50% stake in block BAR-M-346.
The companies are now anticipated to work with the ANP to finalize the awards.
BP will take part in signing of the contracts, which is expected to be held in August 2013, through its Brazilian subsidiary BP Energy do Brasil.
BP Exploration executive vice president Mike Daly said the result will increase the company’s frontier exploration exposure along Brazil’s equatorial margin.
"We look forward to a successful exploration programme working with our partners Total, Petrobras and Petrogal," Daly added.
