INPEX gains Espírito Santo basin interest

The Brazilian authority ANP has approved INPEX’s acquisition of a 15% participating interest in block BM-ES- 23 from Shell Brasil.

Offshore staff

TOKYO -- The Brazilian authority ANP has approved INPEX’s acquisition of a 15% participating interest in block BM-ES- 23 from Shell Brasil. The 723-sq km (279-sq mi) block is in water depths from 1,800 m to 2,000 m (5,906 ft to 6,562 ft) in the Espírito Santo basin offshore Brazil.

Following the acquisition, Petrobras will continue to operate the block with a 65% participating interest. Shell will hold a 20% participating interest, while INPEX will hold 15%.

02/22/2010

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