Endeavor Management to advise Petrobras on Papa Terra project

March 11, 2013

Endeavor-logo-2013-03-11Endeavor wins Papa Terra advisory project

Endeavor Management announced today that Petrobras has retained the Houston-based consulting firm to provide third-party review and advisory services on the Papa Terra project. Endeavor will work with the Papa-Terra Integrated Project Team to identify potential improvements to the drilling and completion program of all wells to be drilled with the new Tension-Leg Wellhead Platform (TLWP) and Tender-Assisted Drilling Rig (TAD) for the Papa Terra field. Endeavor Management will also evaluate the schedule status of the TAD semi and TLWP drilling package.

The Papa Terra field is a heavy crude oil field located in the Campos Basin offshore Brazil. Bruce Crager, Executive Vice President of Endeavor Management, stated, "This is a major project for Petrobras and is their first use of a TLWP and tender-assisted drilling unit. We are pleased to have been selected to join Petrobras on the Integrated Project Team along with personnel from Chevron, who are a partner in the Papa Terra field.”



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