QGEP Receives ANP Approval for Development of the Atlanta Field

abarrelfullabarrelfull wrote on 22 Apr 2015 12:23

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January 7, 2013

QGEP Participações S.A. (BMF&Bovespa: QGEP3, "Company") today announced the Company has received ANP approval of its Development Plan for the Atlanta Field.

Located in Block BS-4, the Atlanta Field is a post-salt oil field which is positioned 185 km off the coast of Brazil in the Santos Basin. QGEP is the operator of the Block and owns a 30% participating interest. Other consortium members include OGX Petróleo e Gás Participações S.A. (40%)* and Barra Energia do Brasil Petróleo e Gás Ltda. (30%).

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