Norse Energy Corp. ASA of Norway has agreed to purchase a 30% interest in Estrela-do-Mar oil field and a 15% interest in Cavalo Marinho oil field off Brazil for $14 million.
Peter Howard Wertheim OGJ Correspondent
RIO DE JANIERO, Nov. 15 -- Norse Energy Corp. ASA of Norway has agreed to purchase a 30% interest in Estrela-do-Mar oil field and a 15% interest in Cavalo Marinho oil field off Brazil for $14 million.
The fields are on Block BS-3 in the Santos basin.
The seller is Brazil's Queiroz Galvao Perfuracao SA. Norse Energy will own 42.5% of Cavalo Marinho and 57.5% of Estrela-do-Mar. The acquired reserves are estimated at 7 million bbl.
