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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Petrobras makes biggest ever oil field sale
Petrobras made its biggest oil field sale ever to Statoil in a major step to meeting a $15.1bn divestment target as it works to cut leverage and reduce expenditures. Statoil will pay $2.5bn for Petrobras’ 66% operating interest in the BM-S-8 offshore licence in the Santos Basin, which holds the giant Carcara discovery.
News Item details
Journal title: Petroleum Review
Subjects: Banking, finance and investment, Economics, business and commerce, Energy consumption, Commercial, Oil, Oilfields
