Bloomberg News

Carcara Will be ‘Transformative’ Discovery for QGEP

November 08, 2012

(Corrects investment figure in second paragraph.)

Co. and partners plan to release final Carcara offshore well results in the next few months. * QGEP to spend $230 million on exploration in 2013, Chief Financial Officer Paula da Costa says * QGEP is in negotiations to hire drilling rig already in Brazil, Chief Executive Officer Lincoln Guardado said in a conference call

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: Peter Millard at pmillard1@bloomberg.net


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