Brazil’s QGEP has informed that Statoil has so far paid it half of the total purchase price for its stake in a block offshore Brazil, and that the remaining payments would be following soon.
Statoil in December 2017 said it had completed the acquisition of a ten percent stake in the BM-S-8 block, located in the Santos basin offshore Brazil, and containing the Carcara discovery from from Queiroz Galvão Exploração e Produção (QGEP). The transaction worth $379 million was first announced in July 2017.
In an update on Friday, February 2, QGEP confirmed that it received $189.5 million from Statoil at the end of 2017, representing one-half of the total purchase price for QGEP’s 10% interest in Block BMS-8.
Brazil Energy Insight 
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