Queiroz Galvão will invest in the Atlanta field, in the Santos Basin

The Brazilian company Queiroz Galvao Exploration and Production (QGEP) said it plans to invest R $ 68 million in Atlanta Field in the Santos Basin. Of this amount, R $ 38 million will be allocated to the development of the field and the rest will be invested or exploitation.

QGPE closed 2016 with a cash balance of R $ 1.3 billion and invested US $ 53 million, R $ 7 million below the budget of $ 60 million.

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