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Article: Norway : Norway s StatoilHydro To Sell Brazil Peregrino Stake.
- Article from:
- TendersInfo
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Norwegian oil company StatoilHydro ASA (STO, STL.OS) plans to sell a 40% stake in its Peregrino field offshore Brazil, the O Globo newspaper reported Wednesday.
StatoilHydro currently holds 100% of the field, located in the BM-C-7 block in the Campos Basin. The concession originally belonged to Anadarko Petroleum Corp. (APC) and EnCana Corp. (ECA), but StatoilHydro bought out both companies in separate transactions.
The O Globo report did not cite any source for the information. Any stake sale, however, would require approval of the National Petroleum Agency, or ANP.
When contacted by Dow Jones Newswires, StatoilHydro ...