Project Profile
Value: Undisclosed
Location: Offshore Brazil Block BM-CAL-7
Statoil was awarded 40 % of deepwater licence BM-Cal-7 in the 7th Bid Round of October 2005. Petrobras is operator for the license, with a 60 % interest, and the partners are committed to drilling one exploration well and shoot seismic. The well will be drilled in 2012 or 2013.
In the Camamu-Almada basin, located outside Salvador, Statoil farmed down 10% of the Petrobras-operated licence BM-CAL-7.
Operators:
Petrobras: Operator with 60% interest
Statoil: 30% interest
Gran Tierra Energy: 10% interest