Statoil Gets Nod To Take Vale's Stake In Brazil Blocks


OSLO, March 28 (Reuters) - Brazil has approved Norwegian oil and gas firm Statoil's acquisition of a stake in an offshore oil concession from mining giant Vale, Statoil said on Friday.

With the approval, Statoil will acquire 25 percent of the BM-ES-22A concession, which consists of two blocks in the Espírito Santo basin offshore Brazil, near several other blocks where Statoil is either operator or partner.

The block is operate by Petrobras, which will hold the remaining 75 percent.

(Reporting by Balazs Koranyi, editing by Terje Solsvik)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Regulatory Compliance Specialist
Expertise: HSE Manager / Advisor|Offshore Position Surveying|Regulatory Compliance
Location: Houston, TX
Shipping and Receiving Specialist
Expertise: Logistics Management|Port Operations
Location: College Station, TX
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours