Statoil and Petrobras have completed their previously announced transaction, whereby Statoil has acquired Petrobras’ 66% operated interest of the BM-S-8 offshore license in Brazil’s Santos basin.
Photo courtesy: Statoil
BM-S-8 contains a substantial part of the Carcará pre-salt oil discovery.
On the completion of the transaction, Statoil has paid Petrobras USD 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 unitization of Carcará.
| Location | Interest | Status | |
|---|---|---|---|
| Peregrino | Campos-basin | 60% (operator) | Production in 3Q 2016 was 69,500 barrels a day Reserves of 300-600 million barrels of oil |
| Peregrino Phase II | Campos-basin | 60% (operator) | Construction Production from 2020 at c. 60,000 barrels a day Reserves ~255 million barrels of oil |
| Licence BM-C-33 comprising the Pão de Açúcar, Gavea and Seat discoveries | Campos-basin | 35% (operator) | Evaluation/development Approximately 1bn boe in recoverable reserves |
| Licence BM-S-8 comprising the Carcará discovery and exploration prospects | Santos-basin | 66 % (operator) | Evaluation/development, pre-unitization Approximately 700 to 1,300 million boe recoverable reserves within the license from Carcará, plus additional exploration upside |
| Eight exploration blocks | Espírito Santo-basin | Four operated by Statoil, four by Petrobras | Exploration |
