Petrobras in non-binding phase of Bauna, Tartaruga Verde sale process

Bauna field map (Image by Petrobras)

Petrobras has started non-binding phases for the sale of Bauna and Tartaruga Verde fields offshore Brazil.

The company is divesting its entire stake in Baúna field located in shallow waters in the Santos Basin and is also looking to sell a 50 percent of its non-operated working interest in Tartaruga Verde field and Module III of Espadarte field, both located in deep water in Campos Basin.

Petrobras said that, at this stage, the interested parties qualified in the previous phase will receive instructions on the divestment process, including guidelines for the elaboration and submission of non-binding proposals, and access to a virtual data room containing more information about the assets put up for sale.

To remind, two years ago, Petrobras had been in exclusive talks Australia’s Karoon over the sale of an interest in Bauna and Tartaruga Verde fields, however, shortly after the starts of negotiations, court proceedings were initiated against the potential sale of the assets, alleging that Petrobras did not follow the correct sale process. An injunction was granted on November 19, 2016, suspending the potential sale.

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2019 >>
MTWTFSS
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 4 5

GeoConvention 2019

GeoConvention offers some of the best local and international insights to efficient energy exploration…

read more >

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Erbil International Oil & Gas Exhibition 2019

The event will be held at the Erbil International Fair Ground which is one of the largest energy related events in Iraq…

read more >

THE 24 th IRAN INTERNATIONAL OIL , GAS , REFINING & PETROCHEMICAL EXHIBITION

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas…

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

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