Offshore staff
KASSEL, Germany – Wintershall Dea has agreed to farm down a 30% participating interest in three blocks in the Potiguar basin offshore Brazil to Murphy Oil Corp. subsidiary Murphy Brasil Exploração e Produção de Petróleo e Gás Ltda.
Wintershall Dea will retain a 70% participating interest and operatorship of blocks POT-M-857, POT-M-863, and POT-M-865.
The agreement is subject to a final regulatory approval by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels.
Thilo Wieland, member of the Management Board of Wintershall Dea and responsible for Brazil, said: “The farm-down is in line with Wintershall Dea’s strategy of having a balanced portfolio. Brazil plays an important role for the company, as a region for growth.”
The company was awarded the three blocks with a 100% participating interest including operatorship in Brazil’s 15th Concession Bidding Round in November 2018.
As part of the work program, a 3D seismic campaign is under way in the area.
The three blocks cover an area of 3,133 sq km (1,210 sq mi) and are in the Potiguar basin, a proven hydrocarbon system on the Equatorial Margin in northeastern Brazil and near the Pitu light oil discovery.
The companies are also partners in block 5 offshore Mexico.
10/10/2019
