(Petrobras, 26.Jan.2023) — Petrobras, following up on the releases disclosed on 26 January 2023 and 27 April 2022, has finalized today, after the fulfillment of all the preceding conditions, the sale of its total interest in the Albacora Leste production field, located in the Campos Basin, to the company Petro […]
Tag: PetroRio SA
Petrobras on the Sale of the Albacora Leste Field
(Petrobras, 27.Apr.2022) — Petrobras, following up on the release disclosed on 11/05/2021, informs that its Board of Directors, in a meeting held today, approved the sale of all its interest in the Albacora Leste concession, located predominantly in deep waters in the Campos Basin, to the company Petro Rio Jaguar […]
Petrobras on Albacora and Albacora Leste Divestment
(Petrobras, 25.Jan.2022) — Petrobras, in relation to the pieces of news in the media about the postponement of the signing of the contracts for the sale of the Albacora and Albacora Leste fields, in the Campos Basin, clarifies that, as disclosed on 11/05/2021, it is in the negotiation phase with […]
Petrobras In Negotiations With Petro Rio
(Petrobras, 5.Nov.2021) — Petrobras, following up on the release disclosed on 7 Oct. 2021, about the divestment project of the Albacora and Albacora Leste fields, in the Campos Basin, informs that its Executive Board concluded the analysis of the proposals received and, yesterday, it approved the start of the negotiation […]
Petrobras Picks PetroRio As Top Bidder For Albacora
(Reuters, 7.Oct.2021) — Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France’s Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said. The PetroRio-Cobra bid topped a competing offer placed by a […]
Petrobras Halts Gas Production A Manati Field
(Petrobras, 29.Sep.2021) — Petrobras announced that on Monday 27 September 2021 gas production was halted at the Manati field, located in the Camamu Basin, in the state of Bahia, due to a leak in the onshore portion of its export pipeline. The pipeline’s operation was interrupted, with teams being mobilized […]
Petrobras Concludes Frade Field Divestment
(Petrobras, 5.Feb.2021) — Petrobras, following up on the release disclosed on 28 November 2019, informs that it has concluded today the sale of its 30% participation in the Frade field, located in the Campos Basin, north coast of the state of Rio de Janeiro, to PetroRio Jaguar PetrĂłleo Ltda., a […]
PetroRio Reveals Long-Term Financing With Prisma
(PetroRio, 21.Dec.2020) — PetroRio S.A., in accordance with best corporate governance practices and transparency, and in order to maintain informational equity in view of the possible share offering disclosed in the Material Fact of 15 December 2020, informs its shareholders and the market in general about recent events of the […]
PetroRio Buys Ventura’s Atlantic Zephyr Rig For $1
(PetroRio, 21.Dec.2020) — PetroRio signed an agreement with Ventura for the acquisition, for $1 (one US Dollar), of the Atlantic Zephyr rig, a semi-submersible anchored rig suitable for interventions and completions in wells with water depths up to 300m. This acquisition’s purpose is to reduce operational costs and increase the […]
Petrobras Inks Deal To Divest Frade Field
(Petrobras, 28.Nov.2019) — Petrobras signed with PetroRio Jaguar PetrĂłleo Ltda., subsidiary of Petro Rio S.A., a contract on 28 Nov. for the sale of 30% stake in the Frade concession, located in the Campos Basin, north coast of the state of Rio de Janeiro for $100 million. Currently, PetroRio holds […]
PetroRio Records Net Revenue Of R$547.9mn
(PetroRio, 15.Aug.2019) — PetroRio, the largest independent oil and gas company in the country, closed the second quarter of 2019 with records in operational and financial metrics, consolidating the success of the acquisition and integration of Campo de Frade. Net revenue recorded a record of R$547.9mn, a result attributed to […]
Fact Box: PetroRio’s Frade And Polvo Fields
(PetroRio, 15.Aug.2019) — Details of PetroRio’s Frade and Polvo Fields in Brazil. Frade Field The Frade Field is located in deepwaters of Campos Basin, about 125km from the city of Cabo Frio and 172km from Polvo Field. It has been producing commercially since early 2009. PetroRio joined the concession in […]