Search

Brazil: Oil & Gas Projects Bagged Statoil Wins Four Blocks in Campos Basin

Editor: Ahlam Rais

Statoil along with its partners – Petrobras, Exxon Mobil, BP won different blocks in the Campos basin at Brazil’s 15th licensing round. The win strengthens Statoil’s ambition of long-term growth in the region.

Related Companies

The award in Brazil’s 15th bidding round reinforces Statoil’s ambition of long-term growth in Brazil .
The award in Brazil’s 15th bidding round reinforces Statoil’s ambition of long-term growth in Brazil .
(Source: Deposit Photos)

Brazil – A consortium comprising Petrobras (30 %), Exxon Mobil (40 %) and Statoil (30 %), presented the winning bid for the C-M-657 block in Campos Basin with a signature bonus of 638,550,000 dollars at Brazil’s 15th licensing round that was recently held in 29 March. The same consortium made up of Petrobras (40 %), ExxonMobil (40 %) and Statoil (20 %), presented the winning bid for the C-M-709 block in the Campos Basin with a signature bonus of 450,000,000 dollars. Both blocks will be operated by Petrobras.

Statoil, together with BP, presented the winning bid for blocks C-M-755 and C-M-793. The signature bonus for both blocks totalled 26,016,600 dollars (Statoil’s share was 40 %). The blocks will be operated by BP.

The award in Brazil’s 15th bidding round reinforces Statoil’s ambition of long-term growth in Brazil and strengthens the company’s position in the prolific Campos basin, where it operates the producing Peregrino field. Other key projects located in Campos basin are the Petrobras operated Roncador field, where Statoil has a 25 % interest, and BM-C-33, operated by Statoil and currently in the development phase.

The blocks are situated in the southern part of the Campos basin, close to our operated position in BM-C-33 (Pão and Gavea), having the potential to capture synergies of scale from existing discoveries and operations in Brazil. The 15th licensing round was conducted by National Agency of Petroleum, Natural Gas and Biofuel (ANP). The concession agreements from the 15th licencing round are scheduled to be signed up to November 30.

(ID:45224351)