Statoil Awarded 6 Licenses Offshore Brazil

Norway’s Statoil reported Wednesday that it has been awarded six offshore licenses in Brazil’s 11th licensing round.

Statoil said that it was the highest bidder in the six licenses it was awarded, and that the licenses will strengthen its position in the Espirito Santo Basin. Out of the six licenses awarded, Statoil is the operator in four.

"We are very pleased with the outcome," Tim Dodson, Statoil’s executive vice president for Exploration, said in a company statement.

"The award of the blocks in the Espirito Santo Basin is in line with Statoil's exploration strategy to build on core positions in prolific and proven basins."


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