The Administrative Council for Economic Defense (Cade) approved the entry of ExxonMobil into the consortium that operates the exploratory block BM-S-8, in the Santos Basin pre-salt, where Carcará was discovered. The operation was approved without any restriction.
A major corporate reorganization was made at BM-S-8 in the 2nd pre-salt auction, which offered the unitizable area of North Carcará. Shortly after taking the area, the consortium formed between Statoil, ExxonMobil and Galp reported the reorganization of the project.
Statoil, which acquired Petrobras’ 66% stake in BM-S-8 for $ 2.5 billion, sold half of that stake to ExxonMobil for $ 1.3 billion. In addition, it sold 3.5% and 3%, respectively, of the 10% portion that it bought from Queiroz Galvão E & P in the area to ExxonMobil and Galp, an operation that moved another US $ 250 million.
The departure of QGEP from the BM-S-8 had already been approved by ANP and Cade.