OREANDA-NEWS. November 23, 2016. Statoil and Petrobras have completed their previously announced transaction, whereby Statoil has acquired Petrobras’ 66% operated interest of the BM-S-8 offshore licence in Brazil’s Santos basin.

BM-S-8 contains a substantial part of the Carcar? 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 unitisation of Carcar. 

Peregrino Campos-basin 60% (operator) Production at 100,000 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 Po de Acar, Gavea and Seat discoveries Campos-basin

35% (operator)

 Evaluation/development

Approximately 1bn boe in recoverable reserves

Licence BM-S-8 comprising the Carcar discovery and exploration prospects

Santos-basin

 66 % (operator)

Evaluation/development, pre-unitisation

Approximately 700 to 1,300 million boe recoverable reserves within the licence from Carcar?, plus additional exploration upside

Eight exploration blocks Esp?rito Santo-basin Four operated by Statoil, four by Petrobras Exploration