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This Wednesday, June 19, the board of directors of the ANP granted Enauta, formerly Queiroz Galvão, approval for the compulsory assignment of the stake of Dommo, formerly OGX, in the Atlanta field, BS-4.
The decision is one of the stages for the formalization of Dommo Energia's shares for Enauta and Barra Energia, which will each formally hold 50% in the BS-4 contract, where the Atlanta field is located, in the post-salt of the Basin of Santos. For purposes of appropriating production and reserves, the companies were already considering the departure of Dommo, based on arbitration decisions from 2018, retroactive to October 2017.
The reason for the compulsory assignment is Dommo's default on the consortium, which failed to pay its share of the exploration and development expenses of the Atlanta field. At the end of the first quarter of this year, Enauta reported in its results that Dommo's debt was R$ 21,6 million for each of the former partners.
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The ANP also approved Enauta's request to suspend contracts for blocks FZA-M-90 (Foz do Amazonas) and PAMA-M-265 and PAMA-M-337 (Pará-Maranhão), all from the 11th round, on the Equatorial Margin. The agency's board agreed with the company's claim that the projects are delayed due to lack of environmental licensing from Ibama.
With the suspension, the deadline for drilling wells foreseen in the exploratory program no longer runs – at least one needs to be drilled in each block.
by epbr
Dommo wants to be compensated for 'financial losses caused' by Petronas
Dommo Energia (DMMO3) filed an arbitration request with the International Chamber of Commerce against Petronas Brasil E&P Ltda.
The information is contained in a statement sent to the market this Wednesday, 19, after the trading session.
Dommo stated that the decision is “due to violations of the terms of the Farmout Agreement entered into on May 7, 2013 and the inherent legal provisions”.
The oil company (formerly OGX) informed that it intends to be compensated for all “the financial losses caused by Petronas, in view of the use of fraud to prevent the operation from taking place”.
Second, the company, English law is applicable to the dispute, which is being processed in Rio de Janeiro.
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