Statoil plans to start production in Carcará between 2023 and 2024


Norway’s Statoil plans to start oil production at the discovery of Carcará in Brazil in 2023 or 2024.

The discovery, where Statoil plans to drill from one to three wells later this year, could contain more than 2 billion barrels of oil equivalent, said Statoil’s head of exploration for the United Kingdom and Norway, Jez Averty.

“We believe this can be a very high value asset. It has the potential to be our (Johan) Sverdrup out of Norway, “he told Reuters, referring to a large field in the North Sea that Statoil is currently developing.

Statoil partners in Carcará include Exxon Mobil and Galp, from Portugal.

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