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Maersk Oil has been engaged in Brazil since 2001 and holds an interest in two discoveries, Wahoo and Itaipu, which are currently under appraisal with our partners with a view to progressing to commercial projects. The Wahoo and Itaipu licenses are located in approximately 1,300m to 1,400m of water depth in the Campos Basin in the southern Atlantic Ocean, a large well-explored sedimentary area of around 100,000 km2. Maersk Oil, together with its partners, is currently evaluating development options for the two discoveries.
Maersk Oil’s non-operated investments in Brazil are managed from the Copenhagen Headquarters in Denmark.