Satoil is the operator for four and partner in two of the licences, out of the six licences awarded in the Espirito Santo basin.
The company said that the latest award reflects its wide application and ambition of long-term growth in Brazil and is based on established and new geological play models.
Statoil Exploration executive vice president Tim Dodson said the award of the blocks in the Espirito Santo basin is in line with the company’s exploration strategy to build on core positions in prolific and proven basins.
"The new positions underscore our ambition to grow in Brazil, which we see as a region for long-term growth," Dodson added.
"These new licences in the Espirito Santo basin give us a significant acreage position in a proven hydrocarbon basin. They have the potential to provide large-scale additional resources close to our existing discoveries, which with success will result in Statoil building a new core position."
