Drilling of the Morpho well is being carried out by the Foresea-owned ODN II drillship, and operations remain ongoing as Petrobras continues its exploratory evaluation of the block. Petrobras operates Block FZA-M-59 and holds a 100% participating interest in the area, which the company acquired under the concession regime in ANP’s 11th Licensing Round in 2013.
Morpho marks the first exploration well drilled in the Equatorial Margin since 2015 and follows Petrobras’ receipt of an environmental license from Ibama in October 2025 to drill in the Foz do Amazonas Basin, 500 km from the mouth of the Amazon River. Petrobras holds operating stakes in 16 blocks across the Barreirinhas, Ceará, Foz do Amazonas, Pará-Maranhão, and Potiguar basins.
