US independent Murphy Oil has farmed in to take 30% stakes from German player Wintershall Dea on three exploration licences in Brazil’s Potiguar basin.
Wintershall Dea will retain a 70% participating interest and operatorship in offshore blocks POT-M-857, POT-M-863 and POT-M-865, it said.
A three-month drilling campaign in POT-M-857 is expected to kick off in April 2021, according to documents obtained by Upstream.
