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    1. Regional Reports
    2. Latin America

    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.
    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.

    Brazil’s regulator approved Equinor’s plan for the Bacalhau Phase 1 development last June.

    02/02/2022