The Maruja-2 well, located 4.8km north east of the Maruja-1 discovery well, aims to test the extension of the Maruja-1 (1-SPS-76) reservoir over the north-east part of the closure in block S-M-1352.

The Yorktown rig will be operated by Brazilian energy company Petrobras, and a vertical well will be cored to provide detailed reservoir evaluation and a sidetrack drilled to test reservoir continuity.

Karoon subsidiary Karoon Petroleo & Gas has signed an agreement to acquire a 20% interest in block S-M-1352 which is part of the BM-S-41 Concession.

This agreement is subject to regulatory approval from the Brazilian national Petroleum agency, the Agencia Nacional do Petroleo.