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Phase 1 2018 - Nonooil will acquire a 25% stake in the Roncador field in Brazil

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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On December 18, 2017, Statoil announced that it would acquire a 25%
stake
in the Roncador field in the Campos Basin of Brazil from Petrobras in a deal that could be worth up to $2.
9 billion.
The deal, which includes an initial payment of $2.
35 billion plus an additional contingent payment of $5.
5 billion, will increase oil and gas production in Brazil from 40,000 barrels per day to about 110,000 barrels
per day.
Upon completion of the transaction, Petrobras, which owns 75% of the shares, will retain the right to
operate the field.
The effective date of the Longcador field transaction is January 1, 2018, and a number of conditions are required to complete the transaction, including government approval
.

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