Report summaryCorcovado is a small gas/condensate field located in the western Santos Basin. It is a pre-salt field that was discovered by BG/Petrobras in April 2009 and hopes were high that a follow-up exploration well would prove more reserves on the block. However, the well turned out to be dry. We understand that the evaluation plan put forward by the partners, which included a third exploration well, was rejected by the ANP, with the result that the licence expired in January 2012. The field now ...
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