The ‘Whale Park’ complex of oil fields, located just north of Itaipu and Wahoo, offshore Brazil, illustrate the quality of the Brazilian presalt in this area, and here Maersk Oil say they have secured access under legacy terms with significant value potential.
Maersk Oil explain that they entered Brazil in 2001 and since then have expanded their footprint in the offshore Campos Basin through licensing rounds and acquisitions.
Up to the first quarter of 2013, Maersk Oil has drilled four wells as operator and participated as partner in 13 other wells. The acquisition of SK do Brasil, an affiliate of SK Energy, provided them with access to exploration acreage, development opportunities and production.
The Brazilian assets of SK Energy, acquired in 2010, comprise a 40% interest in the Polvo field (BM-C-8), 20% in the Wahoo discovery (BM-C-30) and 27% in the Itaipu discovery (BM-C-32). Since the acquisition, one appraisal well was drilled in Itaipu and up to three appraisal wells may be drilled at Wahoo and Itaipu in 2013.