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Petrobras (PETR4) receives BRL 10.3 billion from CNOOC related to the sale of a stake in Búzios

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The stakes in the Búzios shared deposit, including the portions of the onerous assignment agreement and the BS-500 concession agreement (100% Petrobras) (Image: Rio Grande do Sul 12/07/2021)

THE Petrobras 🇧🇷PETR4) received this Thursday 10.3 billion reais, or 1.9 billion dollars, from the Chinese CNOOC, referring to the assignment of 5% of its stake in the production sharing contract of the surplus volume of the transfer of rights, to the field Búzios, in the pre-salt of the Santos Basin, informed the company in a material fact.

After the effectiveness of the transaction, Petrobras will hold an 85% stake in the production sharing agreement for the surplus from the transfer of rights in the Búzios field, while CNOOC Petroleum Brasil (CPBL) will hold 10% and CNODC Brasil Petróleo e Gás Ltda. (CNODC), 5%.

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The stakes in the Búzios shared deposit, including the portions of the onerous assignment contract and the BS-500 concession contract (100% Petrobras), will be 88.99% by Petrobras, 7.34% by CPBL and 3.67 % of CNODC.

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Source: Moneytimes

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