Endeavor to Advise Petrobras on Papa Terra Project

Endeavor Management announced Monday 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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