Statoil finalizes deal with Repsol and becomes the operator for Campos basin well

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  • Posted on December 14, 2015


    The Brazilian market is in the main focus of Statoil. After closing several international action deals, the company announced last week that it will become the operator of the Pão de Açúcar well, in the pre-salt section of the Campos basin. The company still awaits the approval from authorities to operate the BM-C-33 concession, explored in partnership with Spanish company Repsol and Petrobrás.

    The change is part of a series of transactions set by the Norwegians with Repsol for their operations in Brazil,  the UK, Norway and the US. With the new agreements, the company has acquired project participations and has taken over operations in other production areas.

    The operation at the Pão de Açúcar well will allow them to use their experience in ultradeep watter fields. “We are eager to become operators of the BM-C-33 and apply our offshore and operational abilities in this high impact discovery”, stated the vice-president for Global Strategies and Business Development at Statoil, John Knight.

    The well had its production potential confirmed by Repsol last month, after drilling tests. Reserves in the area produced with a flow rate of more than 15 million cubic feet of gas per day and 3.300 barrels of condensate per day.

    Source: Petronotícias



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