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 >>

Papua-New Guinea >>  5/29/2017 - Oil Search Limited announces that its subsidiary, Oil Search (PNG) Limited, has entered into arrangements regarding the acquisition of a 30% interest ...
Australia >>  5/26/2017 - Cue Energy Resources has agreed to extend the 42.5% equity option over exploration permit WA-359-P granted to BP Developments Australia, as announced ...

Australia >>  5/25/2017 - Buru Energy has entered into a transformational transaction with its joint venture partners Diamond Resources (Fitzroy) (DRF) and Diamond Resources (C...
Canada >>  5/25/2017 - Trilogy Energy Corp. (Trilogy) has entered into an agreement to sell certain Duvernay assets in the Kaybob area of Alberta and provide an update on it...

Namibia >>  5/25/2017 - The Ministry of Mines and Energy has issued two new exploration licenses to another Brazilian company, Galp Energia, to continue where HRT left off in...
Colombia >>  5/24/2017 - Gulfsands Petroleum plc (GPX), the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, is pleased to provide the following up...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  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 |

More News

 

Oil & Gas Companies in Brazil >>


Related Links

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