Equinor secures exploration acreage in Brazil

Equinor has today been awarded a new exploration opportunity in Brazil, providing the potential for deepening the company’s position in the country.
Equinor has deepened its position in the Santos basin after winning the S-M-1617 block during Brazil's 5th Open Permanent Concession bid round.

“We are pleased with our success in today’s bidding round, securing a new exploration opportunity in Brazil – a core country in our international portfolio. The license is in close proximity to the S-M-1378 block we already own, an area with strong potential that we can leverage to reinforce our position in the Santos basin. This award provides us with longevity options for Brazil and demonstrates our continuous commitment and appetite to grow in the country,” says Veronica Coelho, Senior Vice President and Brazil Country Manager.
The S-M-1617 license in Brazil was secured by Equinor on a 100% basis with a total signature bonus of around 30.5 million Brazilian Real (around 5.5 MUSD).
The block is located 60 kilometers away from the S-M-1378 block already owned by Equinor. This is an addition to our existing opportunity set in Brazil and demonstrates the company’s continued commitment and growth ambition in the country. Equinor will now work to conduct necessary geological and geophysical assessments for future exploration activities.
Latest news
Equinor’s second quarter 2025 safety results
Equinor's long-term positive safety trend is reinforced through the second quarter of 2025. The total number of serious incidents and personal injuries per million hours worked is at the lowest level the company has ever experienced at the end of the second quarter.
Invitation to send estimates for second quarter financial results
Equinor invites analysts with coverage of the company to provide estimates for the second quarter adjusted results.
Developing the largest oil producer on the Norwegian continental shelf
Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe).