Located on Brazil’s equatorial margin, on the continental platform of the state of Ceará, the basin has approximately 34,000 km², in water depths up to 3,000 m, and is bordered to the southeast by the Potiguar Basin and to the west by the Barreirinhas Basin. Despite producing oil and gas in its shallow water portion, it is still regarded as a new frontier basin in deepwaters.
We have a 25% interest in the deepwater Block CE-M-661, in partnership with Total and Premier Oil. The minimum exploratory program we agreed upon with Brazil’s National Petroleum Agency (ANP) determines the acquisition of 3D seismic data for the entire block as well as an exploratory well. Seismic data has already been acquired, processed, and interpreted. The Consortium is now discussing the best option for drilling an exploratory well.
Location: Ceará coast, on the east portion of the Brazilian equatorial margin
Area: 34,000 km²
Water depth: up to 3,000 m
Characteristics: 3D seismic data under assessment;
Is one of ten basins in Brazil producing shallow water oil and gas, with expectation to discover light oil in deepwaters.