Statoil completes acquisition of Brazilian offshore licence BM-S-8
Published by Louise Mulhall,
Editorial Assistant
Oilfield Technology,
Statoil and Petrobras have completed their previously announced transaction, whereby Statoil has acquired Petrobras’ 66% operated interest of the BM-S-8 offshore licence in Brazil’s Santos basin.
BM-S-8 contains a substantial part of the Carcará pre-salt oil discovery.
On the completion of the transaction, Statoil has paid Petrobras US$1.25 billion, half of the total consideration. The remainder will be paid at the passage of certain future milestones, mainly relating to the future unitisation of Carcará.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23112016/statoil-completes-acquisition-of-brazilian-offshore-licence-bm-s-8/
You might also like
OEUK comments on Shell profits announcement and calls for new windfall taxes
Offshore Energies UK says calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers.