Petrobras Confirms Sale of BC-10 Stake to ONGC, Shell

This Monday, December 30th, 2013, Petrobras finalized the sale of its 35% stake in the Parque das Conchas (BC-10) offshore project for US$ 1.636 billion.

In August 2013, Petrobras signed an agreement to sell its 35% stake in the block, subject to government approval and the preemptive rights of its partners. Shell and ONGC Videsh decided to buy out Petrobras, acquiring stakes of 23% (Shell) and 12% (ONGC Videsh).

After the approval of the Brazilian Petroleum Agency (ANP), granted on December 18th, the sale was finalized on December 30th, 2013.

In 2013, the contribution of BC-10 to Petrobras average oil production volume was 8,600 barrels of oil per day (bpd).

Press Release, December 31, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply