It is understood the companies will now focus their drilling operations on different areas, both onshore and offshore, following disappointing drilling results at the two returned licences.

OGX gave back Block BM-S-29 a few weeks ago after it decided not to carry out the evaluation plan previously agreed with the ANP.

BM-S-29 was the home of the Abacate discovery made in 2009 by Maersk Oil.