Project Profile
Location: Foz do Amazonas Basin, Brazil
Start-up Year: -
Block FZA-M-320 is an oil and gas block located offshore in the Foz do Amazonas Basin, Brazil. JX Nippon Oil & Gas Exploration Corp has executed a farm-in agreement with Ecopetrol in respect of a 30% participating interest in Block FZA-M-320. JX Nippon has been studying offshore basins in Brazil for a number of years as one of its potential new exploration venues with high petroleum prospectivity. The Foz do Amazonas Basin surrounding the Block FZA-M-320 is recognized as an area with good future expandability of oil exploration opportunities.
Operators:
Ecopetrol (Brazil): Operator with 70% interest
JX Nippon Oil & Gas Exploration Corp: 30% interest