Statoil Petrobras collaboration
Posted: 10 October 2003
Brazil's national oil company Petrobras has entered into an agreement
with Statoil to enhance their existing business collaboration in
oil and gas development and production.
The two companies have been cooperating on exploration and technology
development for several years, but this new agreement is more comprehensive
and binding.
Petrobras and Statoil recognise that they have many common strategic
objectives and cultural values, and that a partnership between the
national companies will be highly beneficial for their respective
countries and shareholders.
"Statoil sees this agreement as an important step towards
establishing significant business operations in Brazil based on
our common experience as national oil companies," says acting
chief executive Inge K Hansen.
The companies will continue to cooperate to develop relevant technologies
which will be of use to both parties, and to discuss common areas
of concern such as health, safety and the environment.
Posted by Richard Price,
Editor Pipeline Magazine
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