Project Profile
Value: Undisclosed
Location: Northeastern deep water of Barreirinhas Basin, Atlantic Ocean, offshore northern Brazil
Reserves: unknown
Area: approximately 3,077 sq km
Start-up Year: -
PTTEP signed a farm-in agreement with BG E&P Brasil (BG Group) for 4 predominantly deepwater blocks with 25% participation interest. It was PTTEP’s first step in expanding investment in petroleum exploration in South America. The 4 petroleum exploration blocks; namely BAR-M-215, BAR-M-217, BAR-M-252, and BAR-M-254; cover an area of approx. 3,077 sq km in the Northeastern deep water of Barreirinhas basin, Atlantic Ocean, Brazil. Royal Dutch Shell assumed control over former operator BG Brasil\'s 65% stake in the blocks after purchasing BG Group in February 2016. Shell now operates 10 blocks in the Barreirinhas Basin.
Operators:
Royal Dutch Shell - Operator with 65% interest
PTTEP - 25% interest
Mitsui E&P Brasil - 10%