Petrobras Starts Non Binding Sale of Bauna Field

Source: www.gulfoilandgas.com 6/18/2018, Location: South America

Petrobras, further to the material fact of 04/03/2018 and press release of 05/23/2018, announces the beginning of the non-binding phase related to the sale of its entire stake in Bauna field (concession area BM-S-40), located in shallow waters in the Santos basin.

At this stage of the project, the interested parties qualified in the previous phase will receive instructions on the divestment process, including guidelines for the elaboration and submission of non-binding proposals, and access to a virtual data room containing more information about the field.

The disclosure to the market herein is in compliance with Petrobras' divestment methodology and aligned with the provisions of the special procedure for the sale of exploration, development and production of petroleum, natural gas and other fluid hydrocarbons rights, provided for in Decree 9.355/2018.

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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 


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