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Maersk Oil: Blocks BM-S-29 & 37, Santos Basin, Brazil

Copenhagen

September 2005

Maersk Oil has farmed-out a 50% interest in Blocks BM-S-29 and BM-S-37, in the Santos Basin offshore Brazil, to Shell Brasil Ltda who will spud an exploration well this summer to test the "G" prospect that straddles both blocks.

Stellar acted as advisors to Maersk Oil Brasil Ltda.