Statoil wants to triple its Brazil offshore output by 2030

Statoil wants to triple its Brazil offshore output by 2030

Norway’s Statoil wants to at least triple its production offshore Brazil, according to a spokesman interviewed by Reuters.

The Stavanger-based multinational, in which the Norwegian government has the biggest stake, is already the foreign operator with the most involvement in Brazilian offshore projects.

It is also targeting becoming the sole operator of the Carcara discovery one of the world’s biggest known oil reservoirs. The ultra deep-water Carcara field is in the pre-salt layers of the Santos Basin.

Statoil’s country manager for Brazil said the aim is to triple Brazil production by, or sooner than, 2030. The company has invested $10bn and reaps as much as 54,000 barrels daily on a good day.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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