Norwegian energy major Statoil said Monday it would spend at least $2 billion to triple its production capacity from offshore Brazil. The Norwegian company, owned in part by the government, said it was taking a 25 percent interest in the Roncador oil field in the Campos Basin offshore Brazil from Petróleo Brasileiro, a Brazilian company known commonly as Petrobras. “This transaction adds material and attractive long-term production to our international portfolio, further strengthening the position of Brazil as a core area for Statoil,” President and CEO Eldar Sætre said in a statement . When announced in 1990, Roncador was the largest field ever discovered offshore Brazil. Its 10 billion barrels of oil equivalent made it […]