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Perenco is currently the operator of three  deep water Exploration Concessions in the prolific Espirito Santo basin offshore Brazil. These assets are held in partnership with OGX and Sinochem.

Since commencing activities in Brazil in 2008, when Perenco originally signed five exploration concessions following the ANP's 9th round of licensing, Perenco has invested in a comprehensive exploration work programme, which to date has seen the acquisition of three seismic surveys and the drilling of four deepwater exploration wells in a previously unexplored part of the basin.

Two wells were drilled in 2013 in water depths up to 1400 m  . The Caju well drilled on BM-ES-39 is a declared gas / condensate discovery and  reached a total depth of   5940 m. The Dende exploration well drilled on BM-ES-40 encountered oil and gas shows in the target horizons and confirmed the  same petroleum system and  continuation of the Indra, Pé de Moleque, Brigadeiro and Quindim discovery trend  onto our acreage.

The  drilling programme was completed on schedule   and within budget. Further drilling and /or seismic acquisition is under consideration by the partnership.

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