Galp wins 30% stake in Rodocrosita pre-salt exploration block in Brazil’s Santos Basin
EQNR•Galp won a 30% stake in the Rodocrosita exploration block under Brazil’s production-sharing regime, with Equinor operating the consortium and holding 70%; the signature bonus totals BRL 20.8 million, about USD 4.1 million.
1. Exploration block award
Galp won a 30% stake in the Rodocrosita pre-salt exploration block in Brazil’s Santos Basin under the ANP’s production-sharing regime. Equinor will operate the consortium with a 70% stake, and the signature bonus totals BRL 20.8 million, roughly USD 4.1 million. The block borders the Bacalhau pre-salt field, supporting potential synergies with Galp’s existing partnership with Equinor.
