26 April 2024
Statoil and Petrobras sign letter of intent to expand cooperation
Publication date: 26 May 2011
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Norwegian oil and gas company Statoil and Brazil’s energy major Petrobras have signed a letter of intent (LOI) with a view to expanding cooperation, including a possible joint acquisition of new exploration acreage. The blocks would be acquired through joint participation in public bidding rounds, Statoil said in a statement.