Equinor reports commercial viability of pre-salt Carcará discovery in Brazil

RIO DE JANEIRO (Reuters) - Norway's Equinor ASA has submitted to Brazil's oil industry regulator ANP declarations of the commercial viability of two blocs licensed in the Carcara oil field in the pre-salt region of the Santos basin, the company said on Thursday. In a statement, Equinor said it reported to ANP as operator in the name of its partners Exxon Mobil Corp and Petrogal Brasil in the BM-S-8 and Norte de Carcara licensed areas. Four of five exploratory wells drilled produced oil, it said

Reuters December 27, 2019 00:07:08 IST
Equinor reports commercial viability of pre-salt Carcará discovery in Brazil

Equinor reports commercial viability of presalt Carcar discovery in Brazil

RIO DE JANEIRO (Reuters) - Norway's Equinor ASA has submitted to Brazil's oil industry regulator ANP declarations of the commercial viability of two blocs licensed in the Carcara oil field in the pre-salt region of the Santos basin, the company said on Thursday.

In a statement, Equinor said it reported to ANP as operator in the name of its partners Exxon Mobil Corp and Petrogal Brasil in the BM-S-8 and Norte de Carcara licensed areas. Four of five exploratory wells drilled produced oil, it said.

(Reporting by Marta Nogueira; Editing by Chizu Nomiyama)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Wall Street climbs on Cisco, Disney's upbeat results
Business

Wall Street climbs on Cisco, Disney's upbeat results

By Medha Singh and Shivani Kumaresan (Reuters) - Wall Street gained on Friday as Disney and Cisco's upbeat results brought the focus back to corporate earnings at the end of a volatile trading week that saw record surges in coronavirus cases and increased hopes of a working vaccine.

Gold jumps 1% on mounting pandemic, vaccine worries
Business

Gold jumps 1% on mounting pandemic, vaccine worries

By Sumita Layek (Reuters) - Gold gained as much as 1.1% on Friday as rising global coronavirus infections re-ignited concerns about the economic toll from the pandemic, while scepticism over the reach of a potential COVID-19 vaccine further boosted the safe-haven metal. Spot gold rose 0.8% to $1,890.81 per ounce by 11:33 a.m