Brazil: Petrobras receives binding proposals for divestment of Urucu Cluster
01 Feb 2021
Petrobras, following up on the release disclosed on December 7, 2020, has received binding proposals for the sale of its entire stake in a set of
s
Urucu Cluster, located in the
Solimoes Basin, in the state of Amazonas, and it has begun the negotiation phase of the terms and conditions for the potential sale with
Eneva.
The signing of the sale contracts is subject to the success of the negotiations, which involve commercial and contractual aspects of the transaction to be approved by the decision-making bodies of both parties.
Petrobras reinforces its commitment to a broad transparency of its divestment projects and portfolio management and informs that the subsequent steps will be disclosed to the market in accordance with Petrobras internal rules and with the provisions of the special procedure of assignment of exploration rights, development and production of oil, natural gas and o