Partners sought for Santos basin well

Esso Exploração Santos Brasileira is offering a 25% interest in block BM-S-22 in the pre-salt area of the Santos basin, offshore Brazil.

Offshore staff

HOUSTON – Esso Exploração Santos Brasileira is offering a 25% interest in block BM-S-22 in the pre-salt area of the Santos basin, offshore Brazil.

According to brokers Indigo Pool, the company is marketing this opportunity on behalf of all the participants in the block.

Investor(s) will earn the interest by funding a well to test a drill-ready prospect. The location has been defined from reprocessed 3D seismic over a new pre-salt play in the basin.

The estimated unrisked potential resources for the objective are up to 1.5 Bboe.

Block BM-S-22, secured in Brazil’s Round 3, has fiscal terms claimed to be favorable, and is located in the pre-salt “sweet spot” in the prospective Outer Basin High which has brought the Tupi and Guara discoveries.

An online data room is available to assist evaluations. Qualified parties may also be invited to attend a physical data room in Houston, hosted by ExxonMobil.

10/06/2011

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