PetroRio Concludes the Sale of Assets in Solimoes

Source: www.gulfoilandgas.com 10/13/2015, Location: South America

Petro Rio S.A. ("PetroRio"), hereby announces the closing of the transaction for the sale and transfer of all of its interest, and respective rights and obligations, in the Concession Contracts of Oil and Gas located in the Solimoes Sedimentary Basin, to Rosneft Brasil E&P Ltda. ("Rosneft"), subsidiary of Rosneft Oil Company, becoming the holder of 100% of these Concession Contracts.

The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (Agência Nacional do Petroleo, Gas Natural e Biocombustiveis - ANP) granted the approval of the Assignment of Rights in these Concession Contracts of Oil and Gas on July 1st, 2015.

The divestiture of the Solimoes operations is entirely adherent to the PetroRio's strategy of focusing on production assets and minimizing the exposure to the exploration risks.

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


Tanzania >>  6/29/2022 - Wentworth, the independent, Tanzania-focused natural gas production company, is pleased to provide an update on its agreement with Scirocco Energy plc...
Tanzania >>  6/29/2022 - Scirocco Energy, the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, is please...

Brazil >>  6/27/2022 - Petrobras, following the announcements released on 02/08/2021, 08/25/2021 and 10/01/2021, informs that it restarted the sale processes of the Abreu e ...
South Africa >>  6/27/2022 - In accordance with a farmout agreement (the "Agreement"), Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company with a focus on the offsh...

United States >>  6/27/2022 - Sitio Royalties Corp. (STR) ("Sitio") announced that it has completed the acquisition of over 19,700 net royalty acres ("NRAs") in the Permian Basin f...
Brazil >>  6/24/2022 - Petrobras, following up on the release disclosed on 06/23/2022, informs that it signed with BW Energy Maromba do Brasil Ltda (BWE), the contracts for ...

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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.