
Norwegian oil major Statoil wants to increase its production in Brazil big-time in the coming decade, reports Dagens Næringsliv.
The news comes after Statoil has acquired another ten percent of a discovery named Caraca. The company now owns 76 percent of the field after having bought out Brazilian oil major Petrobras for NOK 2.5 billion (USD 305.8 million) last year.
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