BW Energy has announced the completion of its acquisition of the Golfinho and Camarupim clusters offshore Brazil. Previously owned by Petrobras, the field licences are located in the waters of the Espírito Santos Basin and are expected to produce combined approximately 10,000 barrels of oil per day.

With the conclusion of the agreement, Petrobras receives US$12.2m for the assets, in addition to the US$3m previously received during the signing of the agreement with BW Energy.

A further payment of up to US$60m will also be received contingent on oil prices, well operations and future developments.

BW Energy is now the sole owner of both Golfinho and Camarupim.