Gulf Oil and Gas accountACCOUNT

Sale of Azulao Field in Amazonas Basin

Source: www.gulfoilandgas.com 5/15/2017, Location: South America

Share |
Petroleo Brasileiro S.A. – Petrobras informs that it has started the disclosure phase of the Teaser regarding the transfer of Petrobras’ stake in the Azulao Field, in the Amazonas Basin.

In this project, Petrobras offers 100% of the stake in the Azulao Field (Concession BA-3), located in Amazonas state. The potential transaction represents an opportunity to develop a natural gas discovery in close proximity to existing infrastructure, as well as a power transmission line.

The Teaser contains key information about the opportunity, as well as the objective criteria for the selection of prospective purchasers.

Besides the Teaser, the main subsequent phases of each divestment project will be disclosed, as detailed below:

• Start of the non-binding phase (if applicable);
• Start of the binding phase;
• Concession of exclusive negotiation (if applicable);
• Transaction approval by Senior Management (Executive Board and Board of Directors) and signature of contracts;
• Closing.

The disclosure to the market herein is in compliance with Petrobras' divestment methodology, which was reviewed and approved by our Executive Board, and is aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de Contas da Uniao).

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects

Acquisitions and Divestitures News in Brazil >>

Greece >>  4/18/2018 - Greece launched an international tender to sell a majority stake in its biggest oil refiner, Hellenic Petroleum, as agreed under its third internation...
Australia >>  4/17/2018 - Cue Energy Resources Ltd is pleased to advise that through its 100% owned subsidiary, Cue Exploration Pty Ltd, the 42.5% equity option over exploratio...

Australia >>  4/16/2018 - Senex Energy has announced that it and Beach Energy have reached agreement to transfer up to $43 million free-carry commitment on the joint venture’s ...
Trinidad and Tobago >>  4/16/2018 - Columbus, the oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America, provides the following update ...

United States >>  4/12/2018 - Noble Energy, Inc. (NBL) (Noble Energy) closed the previously announced divestment of its U.S. Gulf of Mexico assets to Fieldwood Energy LLC (“Fieldwo...
United States >>  4/11/2018 - Statoil and Total have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the US Gulf...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

More News

 

Oil & Gas Companies in Brazil >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.