Gran Tierra Energy Inc., Calgary, has taken farmouts from Statoil do Brasil Ltda. to earn working interests in two blocks in the Camamu-Almada basin off Brazil.
Gran Tierra will earn a 10% working interest in the BM-CAL-7 block operated by Petrobras and a 15% working interest in BM-CAL-10 operated by Statoil, subject to ANP approval. An exploratory well is to be drilled on BM-CAL-10 in late 2011.
BM-CAL-7 covers 336,558 acres and BM-CAL-10 415,137 acres in 400-2,800 m of water. Multiple leads and prospects have been identified on the blocks.
Camamu-Almada is immediately south and offshore from the onshore Reconcavo basin, where Gran Tierra Energy operates four blocks and is near the start of development and exploratory drilling.
Alan Petzet | Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
