In May 2011, Maersk Oil’s acquisition of SK Energy Brasil Ltda was approved by the  Brazilian E&P regulatory authority. The acquisition included the producing Polvo Field in Block BM-C-08, the Wahoo discovery in Block BM-C-30 and the Itaipu discovery in Block BM-C-32. Appraisal and exploration in these Blocks is ongoing.

Also in 2011, Maersk Oil acquired a 20% non-operated interest in Block BM-C-34. Partners in this Block are BP (Operator) and Petrobras. Two wells have already been drilled and further wells are planned in 2012.

In 2007, Maersk Oil obtained operatorship of Blocks BM-C-37 and BM-C-38, covering approximately 360 square kilometers in the South Campos basin at water depths of 100-150 metres and located some 100 kilometers southeast off the coast of Rio de Janeiro. Exploration in these Blocks is ongoing with wells planned for 2012.