Norwegian statoil will acquire 25% stake in Roncador oilfield, Brazil

According to the Rznews website, Rio de Janeiro, December 18, Norway’s National oil Company (/statoil) announced in Oslo in Monday that he would move oil from Petrobras (Brazil state oil/petrobras) in a deal worth as much as $2.9 billion. Acquisition of 25% per cent of the Roncador oilfield in the Brazilian Persian basin.
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This includes an initial payment of 2.35 billion dollars plus an extra or a 550 million dollar deal that will increase oil and gas production in Brazil from 40,000 barrels to about 110,000 barrels a gallon.

 

After the deal is completed, Brazilian oil, with a 75% stake, will retain the right to operate the field. The effective date for the Roncador oil field deal is January 1, 2018, and some conditions, including government approval, are required to complete the transaction.

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