PetroRio Concludes the Sale of Assets in Solimoes

Source: www.gulfoilandgas.com 10/13/2015, Location: South America

Petro Rio S.A. ("PetroRio"), hereby announces the closing of the transaction for the sale and transfer of all of its interest, and respective rights and obligations, in the Concession Contracts of Oil and Gas located in the Solimoes Sedimentary Basin, to Rosneft Brasil E&P Ltda. ("Rosneft"), subsidiary of Rosneft Oil Company, becoming the holder of 100% of these Concession Contracts.

The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (Agência Nacional do Petroleo, Gas Natural e Biocombustiveis - ANP) granted the approval of the Assignment of Rights in these Concession Contracts of Oil and Gas on July 1st, 2015.

The divestiture of the Solimoes operations is entirely adherent to the PetroRio's strategy of focusing on production assets and minimizing the exposure to the exploration risks.

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


Brazil >>  8/3/2022 - Petrobras, following up on the release disclosed on 01/29/2021, informs that yesterday it has finalized the sale of all its stakes in the producing fi...
South Korea >>  8/3/2022 - The MunmuBaram project off the south-east coast of South Korea is one of the biggest planned floating wind farms in the world and is set to play a sig...

United Kingdom >>  8/3/2022 - Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce that, further to the announcement of 1...
United States >>  8/3/2022 - Enterprise Products Partners L.P. (EPD) announced three organic growth projects to expand its footprint in the Permian Basin to support ongoing produc...

Nigeria >>  8/1/2022 - Panoro Energy ASA is pleased to announce the declaration of its first dividend (the "Dividend") following recent completion of the transaction to dive...
Russia >>  8/1/2022 - Baker Hughes (BKR) has signed an agreement to sell its Oilfield Services business in Russia (“OFS Russia”) to its local management team. The agreement...

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.