Start Petrobras and Statoil are now partners in the Campos Basin

Petrobras and Statoil are now partners in the Campos Basin

October 4, 2017 8:44 am to 08:44
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operators in the fields basin

Agreement signed between Petrobras and Statoil aims at sharing technology and expertise for the revitalization of mature fields.

[supsystic-social-sharing id='1′]Petrobras released an official press release on the 29th (Friday) informing that it closed a partnership with the Norwegian oil company Statoil. This mutual cooperation agreement is actually a preliminary Memorandum of Understanding, whose purpose is to maintain the commitment to evaluate new opportunities and technological cooperation in the oil segment.

According to the state-owned company, in the contract signed, both companies consolidate the objective of working together with the purpose of maximizing oil reserves in mature fields, with the main initial scope being in the Campos Basin. The HoA determined the main directives of this Technical Cooperation Agreement, one of which is to increase the productivity of oil, gas and the recovery factor of the assets involved between the two companies.

It is worth remembering that the two operators already work together in some blocks that are currently being explored in the national territory, this includes the BM-C-33 sector, in which Statoil is the main operator. Petrobras also informed that the two companies are well aligned in their projects and they are committed to boosting the economy of the Campos Basin and all the cities involved with the oil that will be recovered in these deposits.

 Economically viable

The Campos Basin already has all the infrastructure such as pipelines, wells already drilled, established companies with all their technological devices and even the recent pre-salt discovery in this region, which made the Petrobras will acquire, together with ExxonMobil, almost 90% of these blocks. Pedro Parante, who is the current president of the Brazilian state-owned company, emphasized that the data they hold are valuable and that it will be the watershed of Petrobras' return to one of the greats in world oil. Source: Petrobras

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