Project Profile
Location: Potiguar basin\'s BT-POT-54 block
Odebrecht has acquired half of Koch Petróleo do Brasil\'s stake in the Potiguar basin\'s BT-POT-54 block.
Hydrocarbons regulator ANP has approved the deal.
Odebrecht\'s oil and gas subsidiary, the company responsible for the operation, will be the onshore block operator with a 50% stake. Koch will keep the other 50% stake.
According to the minimum exploratory program set with ANP, Odebrecht will now have to drill at least one well before January 2009.
Operator:
Odebrecht S.A.: Operator with 50% interest
Koch Petróleo: 50% interest