Petrobras Sells Shallow-water Fields for $1.5 Bln

Thursday, July 25, 2019

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)

Categories: Energy Industry News South America Shallow Water

Related Stories

TGS Embarks on Multi-Client 2D Survey off Angola

US Issues License to Support Oil and Gas Exploration in Venezuela

ExxonMobil Buys Guyana FPSO for $2.3B, SBM Offshore Keeps Ops Role

Current News

Jifmar, Seavium Partner to Roll Out AI Across Offshore Fleet

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

ABL Secures Work at Egypt’s Kamose Gas Field

Equinor Hires Havila Shipping’s PSV

Subscribe for OE Digital E‑News