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Petrobras Acquired Two Fields in Argentina & Bolivia

Source: www.gulfoilandgas.com 10/28/2016, Location: South America

Petrobras completed the acquisition of 33.6% of the concession of Rio Neuquen, Argentina, and 100% of Colpa Caranda active in Bolivia for $ 56 million. The assets belonging to Petrobras Argentina and were repurchased because they have strategic value to Petrobras. In July, as announced, we sold our 67.19% in Petrobras Argentina (PESA), owned by Participaciones SL Petrobras (PPSL), for the company Pampa Energia for $ 897 million.

Rio Neuquén is a terrestrial field tight gas (unconventional natural gas), located in the province of Neuquén, Argentina and Colpa Caranda is a gas field in Bolivia, located 100 km north of the city of Santa Cruz de la Sierra.

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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  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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