QGEP concludes drilling in Block BM-J-2 in the Jequitinhonha Basin

Rio de Janeiro, October 7, 2013 - QGEP Participações S.A. (BMF&Bovespa: QGEP3) today announced that it has concluded the drilling of the 1-QG-5A-BAS well in Block BM-J-2 located in the Jequitinhonha Basin. Queiroz Galvão Exploração e Produção S.A. ("QGEP", "Company") is the operator of the block with a 100% working interest.

Located in the shallow waters of the Jequitinhonha Basin 20 km off the Bahia state, the well 1-QG-5A-BAS targeted the Alto de Canavieiras (Jeq#1) prospect in the pre-salt section.

Drilling was concluded at the total depth of 4,800 meters, approximately 750 meters below the salt layer. Based on the hydrocarbons shows found during the drilling, QGEP filed a Notice of Discovery with the ANP on August 20, 2013, as already released to the market.

QGEP is in the process of analyzing the data obtained during the drilling. The Company has until early December to propose a strategy for Block BM-J-2 to the ANP (Agência Nacional do Petróleo, Gás Natural e Biocombustíveis).

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Updated in  2014-01-09T12:13:27
All the dates of this page are presented in official timezone of Brasilia - Brazil.


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