Petrobras Starts Sale of Onshore Fields of Rio Ventura Cluster

Source: www.gulfoilandgas.com 6/25/2019, Location: South America

Petrobras, following up on the release disclosed on 06/03/2019, announces the beginning of the non-binding phase related to the sale of its total equity interestin eight exploration and production concessions, located in Bahia state, jointly designated as Rio Ventura Cluster.

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

This disclosure to the market complies with Petrobras' divestment methodology and is aligned with the provisions of the special procedure for the sale of exploration, development and production of oil, natural gas and other fluid hydrocarbons, 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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