Petrobras, Statoil agree to further strengthen exploration ties

摘要

Statoil and Petrobras have signed a letter of intent to expand their cooperation in exploration. This could take the form of joint participation in public bid rounds for new exploration acreage. Another initiative will entail a joint screening study to evaluate potential operational synergies. A technology agreement has been in place between the two companies for some time and has led to information sharing and a joint commitment to common technology projects.