Maersk Oil has announced that it has reached an agreement to farm in with a 20% non-operated interest in licence BM-C-34 offshore Brazil from Devon subject to regulatory approvals. The planned activities include drilling of up to four exploration wells. The BM-C-34 licence is located in the Campos basin 150km off-shore Brazil with water depths from 2300–2700m. Devon has recently announced the sale of their remaining 30% interest and operatorship in the BM-C-34 licence to BP as part of a larger deal comprising all of Devon’s Brazil assets while Petrobras remains as partner with a 50% interest.
