BP takes stake in Brazil blocks

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

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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

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