The partners in Carcará North have also agreed that Statoil will be operator for the unitised field development, subject to government approval."This further strengthens Statoil's presence in the prolific Brazilian pre-salt area and these transactions help build a strong and aligned partnership across the two Carcará blocks. Together they significantly advance our strategy in Brazil, a core area for Statoil. Developing a world-class asset like Carcará as operator is a good match with our competence and capacity," said Statoil CEO Eldar Sætre. "We look forward to working with our partners, the Brazilian authorities and Pré-Sal Petróleo S.A. on a timely unitisation process in support of our plan for first oil production from Carcará in the mid-2020s. This plan will create jobs, economic growth and revenues to the state," said Statoil's country manager for Brazil, Anders Opedal. The closing of the transactions with ExxonMobil and Galp is subject to customary conditions, including partner and government approvals.
|BM-S-8 (before transaction with ExxonMobil)||BM-S-8 (after transaction with ExxonMobil)||BM-S-8 (after closing of transaction with QGEP)||BM-S-8 (after future transactions with ExxonMobil and Galp)||Carcará North|
|Statoil||66% (operator)||33% (operator)||43% (operator)||36.5% (operator)||40% (operator)|
Further information from:Investor relations Peter Hutton, Senior vice president, Investor Relations, +44 7881 918 792 (mobile) Press Erik Haaland, International press spokesperson, Media Relations, +47 954 21 770(mobile) This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.