The company is operator of block 4, under a 50:50 partnership with Sierra Oil & Gas, and has a 23.34% stake in block 5, operated byMurphy Sur.
Block 4 covers 2,600 sq km (1,004 sq mi) in water depths of 800-1,600 m (2,624-5,249 ft). During the initial four-year exploration period the focus will be on seismic data acquisition and processing.
Block 5 spans 2,600 sq km in water depths of 700-1,100 m (2,296-3,609 ft). Here commitments during the initial four-year period include one well.