QGEP announces start of drilling of the first Carcará appraisal well in Block BM-S-8

Rio de Janeiro, September 15, 2014 - QGEP Participações S.A. (BMF&Bovespa: QGEP3, "Company", "QGEP") today announces the beginning of drilling of the first phase of an appraisal well at the Carcará Discovery, located in Block BM-S-8 in the Santos Basin. The first phase, which will utilize the Laguna Star rig (NS-44), will extend to the bottom of the salt layer. Drilling will be completed in a second phase, which will start in 2015, using a rig equipped with Measured Pressure Drilling (MPD). The well is located 5km from the pioneer well, in water depths of 2,023 meters.

Queiroz Galvão Exploração e Produção S.A. holds a 10% participating interest in Block BM-S-8. Petrobras, which has a 66% stake, is the operator. Other consortium members include Petrogal Brasil, which has a 14% stake, and Barra Energia do Brasil Petróleo e Gás Ltda, which has a 10% stake.

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Updated in  2014-10-15T13:17:34
All the dates of this page are presented in official timezone of Brasilia - Brazil.


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