Norwegian oil giant Statoil has won stakes in four blocks in the Campos basin in Brazil’s 15th licencing round.
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 £320million.
Statoil say both blocks will be operated by Petrobras.
Statoil also presented a winning bid, along with BP, for the C-M-755 and C-M-793 blocks, which will be operated by BP.
Tim Dodson, executive vice president for Exploration in Statoil, said: “We are very pleased with the outcome of this round. We are looking forward to working with our partners to pursue these exciting exploration opportunities
“This award is in line with Statoil’s exploration strategy to build on core positions in prolific and proven basins. Access to new quality acreage is an essential prerequisite for further value creation through exploration activities and for increasing Statoil’s international production level from core areas such as Brazil.”
Anders Opedal, Statoil’s country manager in Brazil added: “These are world-class assets in a country where Statoil has been present since 2001, with an experienced local organisation and deep understanding of local regulation”, says
“I am happy to reinforce our partnership with solid and experienced companies such as Petrobras and ExxonMobil, which are also our partners in other concessions in Brazil, and to form a new partnership with BP.”
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