Petrobras Sells Shallow-water Fields for $1.5 Bln

Published

© dabldy / Adobe Stock
© dabldy / Adobe Stock

Brazilian state-controlled oil company Petroleo Brasileiro SA signed on Wednesday two contracts to sell shallow-water oilfields in the basins of Campos and Santos for $1.5 billion plus $200 million in future payments, the company said in a securities filing.

Pampo and Enchova fields were sold to a subsidiary of Trident Energy for $851 million and an additional future payment of $200 million, depending on oil prices. The Bauna field was sold for $665 million to a subsidiary of Australia's Karoon Energy Ltd.


(Reporting by Tatiana Bautzer; Editing by Lisa Shumaker)

Current News

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

Japan’s JERA Agrees Long-Term

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

QatarEnergy, Petronas Ink 20-Y

TGS Gets Another OBN Acquisition Job in North Sea

TGS Gets Another OBN Acquisiti

Glamox to Provide Lighting for Van Oord’s Subsea Rock Installation Vessel

Glamox to Provide Lighting for

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine