PetroRio buys Petrobras 20% concession in Bijupirá and Salema oil and gas fields

Monday, July 6th 2015 - 14:59 UTC

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Brazil's oil and gas corporation Petrobras on Friday signed with PetroRio S.A. (‘PetroRio’) the contracts for the sale of 20% of its stake in the concessions of Bijupirá and Salema fields, currently operated by Shell. The transaction amounts to US$ 25 million and is subject to adjustments that are common to this type of operation.

These fields are located in the Campos Basin, between 480 and 850 meters depth. Daily production averages 22 thousand barrels of oil and 325 thousand m3 of associated gas. The oil extracted is light, between 28º to 31º API.

As part of the Petrobras’ Divestment Plan, this operation is related to the portfolio optimization in the Exploration and Production area, and is in line with the 2015-2019 Business and Management Plan.

The conclusion of the purchase and sale transaction between the parties is subject to certain preceding conditions, including the approval of an assignment of rights by the Board of Directors of the Brazilian Administrative Council for Economic Defense, CADE and the Brazilian National Petroleum Agency, ANP.

Categories: Energy & Oil, Brazil.

Tags: Agencia Nacional do Petroleo (ANP), Bijupirá and Salema fields, Brazil, Campos Basin, Petrobras, PetroRio S.A. (‘PetroRio’).

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Brasileiro
The PetroRio is a Brazilian company that has everything to grow while not accept foreign capital in their ownership structure. We will give her the necessary conditions to develop, stay close to the Brazilian interests.
Jul 06th, 2015 - 03:26 pm 0
golfcronie
Not much oil there if Meropress have the figure of US$ 25 million right.
Jul 06th, 2015 - 03:43 pm 0
Brasileiro
This is where heroes are born!
Jul 06th, 2015 - 03:53 pm 0

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