Norwegian oil firm Equinor has, as operator, joined with US supermajor Exxon Mobil and Brazilian firms Petrogal Brasil and Présal Petróleo SA (PPSA) on an investment of USD 8bn in Brazil.
The funds will be used to develop the first phase of enormous field Bacalhau lying in Brazilian pre-salt area Santos, Equinor confirms in a statement Tuesday morning.
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