BRAZIL’S Queiroz Galvao E&P (QGEP) is seeking partners for three different offshore exploration plays in the South American country.
QGEP’s growth strategy has been prudent, compared with other Brazilian independents, such as the ill-fated OGX, but the company still finds itself ahead of its strategic ideal of holding operating stakes of between 35% and 45% on moderately risked assets.
One of the reasons for this is the recent withdrawal of Pacific E&P from Brazil.
