Oil&Gas: More Statoil success in Brazil 

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Norwegian energy provider Statoil has received formal approval to enter the São Bernardo discovery in Espírito Santo. The discovery further strengthens Statoil’s belief in the oil potential in the basin.

 

Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) has approved Statoil’s acquisition of Vale SA’s 25% equity in the BM-ES-22A concession in the Espírito Santo basin offshore Brazil.

The concession contains the São Bernardo oil discovery made in April 2013. The discovery strengthens Statoil’s position in the basin and the view of its prospectivity, the company says.

Two reservoir levels with 34 – 36 API oil were proven by the well. The discovery is currently being appraised by the drilling of the Montanhês well.

“The São Bernardo discovery demonstrates that the Espírito Santo basin has an exciting oil potential and further confirms the established and new geological play model in the basin,” says Tim Dodson, executive vice president for Exploration in Statoil.

In addition to a diverse exploration portfolio in Brazil, Statoil operates the Peregrino field in the Campos basin, which came on stream in April 2011.

Statoil is currently the largest international operator in the country. Statoil is also operator of some of the world’s largest oil and gas discoveries over the last couple of years and has a strong safety and environmental record.

Norway Post

 

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