KUALA LUMPUR: Petronaliam Nasional Bhd, subsidiary Petronas Petróleo Brasil Ltda (PPBL), has won three exploration blocks during Brazil’s exploration blocks bid round in Rio de Janeiro yesterday. PPBL won blocks CM 661, CM 715 and CM 541, all located in the Campos Basin, offshore Brazil. PPBL owns 100 per cent of Blocks CM 661 and CM 715. Petronas president and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said it looked forward to further strengthening and developing its ventures in Brazil, one of the world’s most prolific basins. Aside from upstream, Petronas also has other ventures in Brazil including Petronas Lubrificantes Brasil S.A, a subsidiary of Petronas Lubricants International, and logistics business through MISC Bhd.

Source: New Strait Times October 11, 2019 08:15 UTC