Brazil: Petrobras signs contract for the sale of onshore fields in Bahia
25 Feb 2021
Petrobras, following up on the release disclosed on 04/03/2018, reports that it has signed with
SPE Miranga, a wholly owned subsidiary of
PetroReconcavo, a contract for the sale of its total stake in nine onshore exploration and production fields, called
Miranga Cluster, located in the state of Bahia.
The total sale amount is
US$ 220.1 million, of which (a) US$ 11 million paid on the present date; (b) US$ 44 million at the closing of the transaction; (c) US$ 80.1 million deferred in three installments over three years from the closing of the transaction and (d) up to US$ 85 million in contingent payments related to future oil prices. The amounts do not consider adjustments due until the closing of the transaction, which is subject to compliance with precedent conditions, such as approval by the National Petroleum, Natural Gas and Biofuels Agency (ANP).
Petrobras on sale of onshore fields in Bahia
édité le 26/02/2021 - Plus de news de PETROBRAS - Voir la fiche entreprise de PETROBRAS
Petrobras, following up on the release disclosed on 04/03/2018, informs that it signed with SPE Miranga S.A., a wholly owned subsidiary of PetroRecôncavo S.A., a contract for the sale of its total stake in nine onshore exploration and production fields, called Miranga Cluster, located in the state of Bahia.
The total sale amount is US$ 220.1 million, of which (a) US$ 11 million paid on the present date; (b) US$ 44 million at the closing of the transaction; (c) US$ 80.1 million deferred in three installments over three years from the closing of the transaction and (d) up to US$ 85 million in contingent payments related to future oil prices. The amounts do not consider adjustments due until the closing of the transaction, which is subject to compliance with precedent conditions, such as approval by the National Petroleum, Natural Gas and Biofuel