QGEP Participacoes SA Receives ANP Approval for Development of the Atlanta Field Operated in Consortium with OGX Petroleo e Gas Participacoes SA and Barra Energia do Brasil Petroleo e Gas Ltda

QGEP Participacoes SA announced that on January 7, 2013, it received ANP approval of its Development Plan for the Atlanta Field. Located in Block BS-4, the Atlanta Field is a post-salt oil field which is positioned 185 kilometers off the coast of Brazil in the Santos Basin. QGEP is the operator of the Block and owns a 30% participating interest. Other consortium members include OGX Petroleo e Gas Participacoes SA (40%) and Barra Energia do Brasil Petroleo e Gas Ltda (30%).