Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) has approved Statoil’s acquisition of Vale SA’s 25% equity in the BM-ES-22A concession in the Espírito Santo basin offshore Brazil.

 

“The São Bernardo discovery demonstrates that the Espírito Santo basin has an exciting oil potential and further confirms the established and new geological play model in the basin,” says Tim Dodson, executive vice president for Exploration in Statoil.