BP takes stake in Brazil blocks

file

Offshore staff

LONDON – BP has farmed in to five Petrobras-operated deepwater exploration blocks in the Potiguar basin offshore Brazil.

Subject to regulatory approval, the deal will give BP Energy do Brasil a 30% interest in blocks POT-M-663 and POT-M-760, and a 40% interest in blocks POT-M-665, POT-M-853 and POT-M-855.

The blocks are located between 40 and 110 km (25-68 mi) offshore from the coast of Rio Grande do Norte and Ceará states, in water depths ranging from 50 m to 2,100 m (164-6890 ft).

07/15/2013

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...