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Maritime News - 2021 Jun 1

01 Jun 2021

Equinor Sanctions $8B Bacalhau Field Development in Brazil

Credit: Equinor

Norwegian oil and gas company Equnior has made a final investment decision for the development of the Bacalhau field offshore Brazil.The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund, Equinor’s executive vice president for Projects, Drilling, and Procurement said: "This is an exciting day. Bacalhau is the first greenfield development by an international operator in the pre-salt area and will create great value for Brazil…

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