Sale of Interest in Concessions of Bijupira and Salema

Source: www.gulfoilandgas.com 7/1/2015, Location: South America

Petrobras has signed with PetroRio S.A. the celebration of the contracts regarding the sale of 20% of its interest in the concessions of Bijupira and Salema fields, operated by Shell. The transaction amount is US$ 25 million, subject to adjustments common in this type of operation.

Such fields are located in Campos Basin, at between 480 to 850 meters of water depths. The average daily production is 22 thousand barrels of oil and 325 thousand m3 of associated gas. The oil extracted is light, between 28 degree to 31 degree API.

This operation is part of the Petrobras' Divestment Plan, is related to the portfolio optimization in the Exploration and Production area, and is aligned to the 2015-2019 Business and Management Plan.

The conclusion of the purchase and sale transaction between the parties is subjected to certain preceding conditions, among which, 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.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects


Brazil >>  8/11/2022 - Petrobras informs that it has begun the opportunity disclosure stage (teaser), referring to the sale of its mining rights for research and mining of p...
Angola >>  8/10/2022 - Afentra plc, an upstream oil and gas company listed on AIM and focused on acquiring production and development assets in Africa, is pleased to announc...

Denmark >>  8/10/2022 - Vestas continuously looks for partners that can support our strategic focus on our core business and help scale renewables efficiently in the long-ter...
Norway >>  8/10/2022 - • The transaction consideration of US$68 million includes NOK 309 million (~US$33 million) in deferred tax assets which are recoverable for Lime Petro...

Oman >>  8/8/2022 - Maha Energy AB (publ) (“Maha” or the “Company”), through its wholly owned subsidiary Maha Energy (Oman) Ltd., has entered into an Agreement with Mafra...
United States >>  8/8/2022 - Cenovus Energy Inc. (CVE) has reached an agreement to purchase bp’s 50% interest in the bp-Husky Toledo Refinery in Ohio. Cenovus has owned the other ...

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 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.