Statoil acquires operated interest in Brazilian offshore licence containing a substantial part of the Carcará pre-salt oil discovery - Seite 2

Statoil assets offshore Brazil:

	Location	Interest	Status
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 Pão de Açúcar, Gavea and Seat discoveries	Campos basin	35%	Evaluation/development gas Approximately 1bn boe in recoverable reserves.
Eight exploration blocks	Espírito Santo basin	Four operated by Statoil, four by Petrobras	Exploration
Licence BM-S-8 comprising the Carcará discovery and exploration prospects	Santos basin	66% and operator after transaction

 

 

Further information:

Statoil will host a webcast and telephone conference for analysts and investors 11:30 CEST. Dial-in details will be published on www.statoil.com

Investor relations
Peter Hutton, Senior vice president Investor relations,
[phone] (mobile)

Morten Sven Johannessen, Vice president Investor relations US,
[phone] (mobile)

Press
Bård Glad Pedersen, Vice president Media relations,
[phone] (mobile)

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

 

Facts

Statoil has been in Brazil since 2001. This year marks five years of production at the Statoil-operated Peregrino field. Peregrino Phase II is due to commence production in 2020, and in the third quarter of 2016 Statoil expects to assume operatorship of licence BM-C-33 in the Campos basin which includes the Pão de Açúcar discovery. Statoil also has interests in eight licences in the Espirito Santo basin, working in partnership with Petrobras, and expects to spud its first exploration wells during 2017. It has developed a strong local organisation with nearly 90% of its workforce from Brazil and its operations have so far created 1,000 direct jobs. The addition of BM-S-8 to Statoil's Brazil portfolio will help deliver profitable growth through greater operational flexibility and efficiencies. 

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Source: Statoil via Globenewswire

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