Exxon reports completion of the 36.5% interest transfer from Equinor in the BM-S-008 contract, CaracarÃ¡ discovery evaluation area, Santos Basin. Although the farmout is complex it represents an alignment of equity across the 2 blocks that together make up the CaracarÃ¡ find. As a result, both Equinor and Exxon have a 36.5% interest in BM-S-008 and 40% in Norte de CaracarÃ¡. Galp 17% in BM-S-008 and 20% in Norte de CaracarÃ¡. Equinor operates the unitised field devt. Production from the field is expected to start in 2023 - 2024.
Exxon reports completion of the 36.5% interest transfer from Equinor in the BM-S-008 contract, CaracarÃ¡ discovery evaluation area, Santos Basin. 