PTTEP teams up with BG offshore Brazil

PTTEP has agreed on a farm-in to four deepwater exploration blocks in a frontier basin offshore Brazil.

Apr 8th, 2014

Offshore staff

BANGKOK, Thailand – PTTEP has agreed on a farm-in to four deepwater exploration blocks in a frontier basin offshore Brazil.

OperatorBG will cede a 25% interest in the BAR-M-215, BAR-M-217, BAR-M-252, and BAR-M-254 blocks, covering 3,077 sq km (1,188 sq mi) in the northeastern part of the Barreirinhas basin.

The transaction pends approval from Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP).

This year, the partners plan to commence a multi-client3D seismic survey over the blocks to assess preliminary potential.

04/08/2014

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