The blocks are in the Ceará and Potiguar basins in the Equatorial Conjugate Margin offshore Brazil and are operated by ExxonMobil Exploração Brasil Ltda.
AziBras Exploração de Petróleo e Gás Ltda. will assume the OGX working interest in the two licenses following the approval of the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis - ANP.
Petroleum Geo-Services A.S.A. is shooting a 1,100 sq km (425 sq mi) of 3D seismic survey on block CE-M-603, already under way, and a 1,000-sq km (386-sq mi) 3D survey in block POT-M-475 is expected to commence in 1Q 2016.
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