Statoil buys participation in 2 blocks in Esprito Santo Basin

Statoil announced the purchase of 50% participation in two blocks in the Espirito Santo Basin, BM – ES 40 and 41, from OGX and Sinochem. Statoil will operate the blocks jointly with Perenco (50%), a UK based independent operator.

Statoil now holds 11 oil concessions in Brazil, 7 in the Espirito Santo Basin. Last year Statoil purchased a 66% participation from Petrobras in Carcara (BM-S-8) in the pre-salt Santos Basin.

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