Gran Tierra Energy Announces Joint Venture with Petrobras and Statoil, Offshore Brazil

By Matthew Kennedy
Benzinga Staff Writer
September 15, 2011 7:01 AM

Symbols: GTE

Gran Tierra Energy Inc. (NYSE: GTE), today announced that it has entered into two farm-in agreements with Statoil do Brasil Ltda., whereby Gran Tierra Energy will earn a 10% working interest in Concession Contract BM-CAL-7 operated by PetróleoBrasileiro S.A., and a 15% working interest in Concession Contract BM-CAL-10 operated by Statoil, in the offshore Camamu-Almada Basin, Brazil.

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Gran Tierra Energy Announces Joint Venture with Petrobras and Statoil, Offshore Brazil

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