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Monday, 30 October 2017
Oil & Gas: Weekend Updates
Oil & Gas: Weekend Updates
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Statoil and ExxonMobil team up on Carcara in pre-salt round
Norway's Statoil and U.S. ExxonMobil have jointly won the production
sharing contract for the Carcará North block in Brazil’s second pre-salt
offshore licensing round.
A consortium comprising Statoil (operator, 40%), ExxonMobil (40%) and
Galp (20%) was the highest bid (67.12% of profit oil) for the block in
the Santos basin.
The
Carcara field contains an estimated recoverable resource of 2 billion
barrels of high-quality oil. The block is located approximately 200
miles offshore Rio de Janeiro.
The pre-determined signature bonus to be paid by the consortium is US$910 million.
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