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Brazil upstream news


Statoil awarded four blocks offshore Brazil

Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects.


SafeSTS creates Brazilian company

The move is a response to increasing demands for ship-to-ship transfers to support Brazil’s soaring oil exports.


Total launches large-scale development of the giant Libra field

Total has announced that it has taken the investment decision for the first large-scale development phase of the Libra project, located deep offshore, 180 km off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin in Brazil.


Petrobras: Sale of Azulão Field

The total amount of the operation is US$ 54.5 million and will be paid on the closing date of the deal.