We have 20% stake in two concessions located in ultra-deep waters – blocks ES-M-598 and ES-M-673. The expected fluid in the region is predominantly light oil and 3D seismic data have already been conducted covering all the blocks.

The Espírito Santo Basin is located along the north-central coast of the state of Espírito Santo and the far southern coast of the state of Bahia. It is bordered to the south by the Campos Basin, and to the north by the Mucuri Basin. Its maritime part has an explorable area of approximately 38,000 km2, considering a water depth of up to 3,000 m.

It presents areas with great exploratory potential, including the “pre-salt” section, which, according to wells already drilled, is likely to contain carbonates similar to those found in the Campos and Santos basins.

Features: identified prospects of the sub-salt, post-salt and also pre-salt types. The expected fluid is predominantly light oil.