Panoro Energy and Brasoil do Brasil have retained Stellar Energy Advisors to seek a partner in certain assets offshore Brazil.
The package includes equity in the SM-1035, SM-1036 and SM-1100 shallow-water exploration blocks in the Santos Basin. The exploration blocks are in the Lower Cretaceous GuarujÃ¡ carbonate, Upper Cretaceous ItajÃ¡i/Ilhabela sandstone and the Tertiary Marambaia sandstone fairways. Four primary prospects have been identified and are ready for drilling
The second exploration period requires a minimum work commitment of one exploration well to be drilled on each block. Panoro and Brasoil plan to enter the second period.
Contact David Fassom, + 44 (0) 20 7493 1977, firstname.lastname@example.org.