British Gas started oil production at the Sapinhoa field off Brazil, one of the “Big Five” discoveries in the pre-salt Santos Basin. Along with Petrobras and Repsol, BG plans to pump an initial 25.000 barrels a day from the deposit in BM-S-9 Block, the England-based producer said in a statement.
Britain's Premier Oil announced on Thursday a 1 billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands.