Petrobras will prioritise exploration along Brazil’s Equatorial Margin as part of its 2026–2030 Business Plan, committing to drill 15 wells in the region between Amapá and Rio Grande do Norte.
The company said the frontier “has an important oil potential” and offers “a series of opportunities to improve the lives of thousands of Brazilians”.
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The plan was detailed in the Strategic Plan 2050 and Business Plan 2026–2030 released this week. Petrobras outlined US$7.1 billion in exploration spending and confirmed that 37.5% will be directed to the Equatorial Margin.
Drilling has already begun at Morpho in Amapá Deep Waters. Petrobras said this is “the first of a commitment to drill eight wells in Amapá deepwaters”. The company will then move to the Mãe de Ouro well in the Potiguar Basin. According to Petrobras, this campaign is “the outcome of a successful exploratory campaign in 2023 and 2024”.
Across Brazil, Petrobras plans 40 new wells between 2026 and 2030. Fourteen wells will be drilled in the South and Southeast margins, and 11 elsewhere. The company highlighted activity in the Santos and Campos basins, including formation tests in Aram and an exploratory well next to Marlim Sul.
But the Equatorial Margin remains the centrepiece of the plan. Petrobras said the basin offers a frontier-scale opportunity and is key to replacing reserves over the next decade.
