27.4 C
New York
Friday, July 1, 2022
More

    Latest Posts

    Petrobras (PETR4) approves selling assets in the Espírito Santo Basin to BW Energy for up to US$75 million

    - Advertisement -
    Of the total, $3 million will be paid in cash, $12 million at closing, and up to $60 million in contingent payments (Image: REUTERS/Paulo Whitaker)

    THE Petrobras (PETR4) approved this Thursday the sale of its entire stake in the Polo Golfinho and Polo Camarupim maritime concessions, in deep post-salt waters, in the Holy Spiritto BW Energy for up to $75 million.

    Ads

    Of the total, US$3 million will be paid in cash, US$12 million at the closing of the transaction and up to US$60 million in contingent payments, depending on future Brent quotations and asset development, according to the statement.

    - Advertisement -

    The amounts do not include adjustments until the conclusion of the transaction, subject to the fulfillment of conditions, such as the guarantee of the Administrative Council for Economic Defense (Cade) and for National Agency of Petroleum, Natural Gas and Biofuels (ANP).

    The Golfinho Pole in water depths between 1,300 meters and 2,200 meters, which includes the fields of Golfinho, an oil producer, and Canapu, a non-associated producer, and the exploratory block BM-ES23.

    - Advertisement -

    Join our Telegram!

    Join the Money Times group on Telegram. You access the news in real time and can still participate in discussions related to the main topics in Brazil and the world. Join our group on Telegram now!

    Ads

    Source: Moneytimes

    - Advertisement -
    spot_img

    Latest Posts

    spot_img

    Don't Miss