The Brazilian state oil company won rights to operate the field this October with a 40% interest in a sole bid with Anglo-Dutch supermajor Shell on 20%, France's Total on 20% and Chinese firms CNOOC Ltd and China National Petroleum Corporation on 10% each.
The five partners this week signed off on a work programme for the field, which is estimates to contain up to 8 billion and 12 billion barrels of recoverable reserves.
The
