Brazil’s antitrust agency Cade has given the nod for Statoil’s acquisition of a 25% WI in the large Roncador field in the Campos Basin from Petrobras for $2.35 billion plus additional contingent payment of up to $550 million. Petrobras retains operatorship with a 75% WI. For Statoil, the acquisition nearly triples its equity production in Brazil to ~110,000 boe/d from 40,000 boe/d. Petrobras retains operatorship of the field with a 75% WI. The transaction......
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