Murphy Oil farms into Wintershall Dea’s blocks offshore Brazil

German oil and gas company Wintershall Dea has farmed down a 30% participating interest in its three Potiguar offshore exploration blocks to the subsidiary of Murphy Oil Corporation in Brazil. 

The subsidiary, Murphy Brasil Exploração e Produção de Petróleo e Gás Ltda, will become Wintershall Dea’s partner in blocks POT-M-857, POT-M-863, and POT-M-865.

Wintershall Dea said on Wednesday it would retain a 70% participating interest and operatorship. The agreement is subject to a final regulatory approval by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels, ANP.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.