QGEP farms out Sergipe-Alagoas acreage to Exxon, Murphy

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Brazil’s oil company QGEP has completed two separate farm-out agreements, one with ExxonMobil and one with Murphy Oil.

The farm-out agreements are for Blocks SEAL-M-351 and SEAL-M-428 located in the Sergipe-Alagoas Basin. Additionally, QGEP and its partners have been awarded blocks SEAL-M-501 and SEAL-M-503 in Wednesday’s 14th ANP Bidding Round.

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