Equinor close to paying off Bacalhau block transaction
Feb. 2, 2022
Equinor has paid Petrobras $475 million, the latest installment of its $2.5-billion purchase of block BM-S-8 in the presalt Santos basin offshore Brazil.
(Courtesy Equinor)
The Bacalhau field development calls for 19 subsea wells tied back to one of Brazil’s largest FPSOs.
Offshore staff
RIO DE JANEIRO – Equinor has paid Petrobras $475 million, the latest installment of its $2.5-billion purchase of block BM-S-8 in the presalt Santos basin offshore Brazil, containing the Bacalhau field (formerly the Carcará area).
The remaining $ 475 million will be paid in October.
Petrobras sold its full 66% operated stake in the block to Equinor in 2016 for $2.5 billion.
