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On This Wednesday, June 19, the ANP Board Granted Enauta, Formerly Queiroz Galvão, Approval for the Compulsory Transfer of Dommo’s Stake, Formerly OGX, in the Atlanta Field, BS-4.
The decision is one of the steps for the formalization of Dommo Energia’s actions for Enauta and Barra Energia, which will each formally hold 50% in the BS-4 contract, where the Atlanta field is located, in the pre-salt of the Santos Basin. For purposes of production and reserves appropriation, the companies already considered Dommo’s exit, based on arbitration decisions from 2018, retroactive to October 2017.
The reason for the compulsory transfer is Dommo’s default in 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$21.6 million for each of the former partners.
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Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.
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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.
ANP also approved Enauta’s request for the suspension of contracts for blocks FZA-M-90 (Foz do Amazonas) and PAMA-M-265 and PAMA-M-337 (Pará-Maranhão), all from the 11th bidding round, in the Equatorial Margin. The agency’s board agreed with the company’s plea that the projects are delayed due to lack of environmental licensing from Ibama.
With the suspension, the deadline for drilling wells planned in the exploratory program stops running – at least one needs to be drilled in each block.
by epbr
Dommo Seeks Compensation 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 included in a statement sent to the market this Wednesday, 19, after the trading session.
Dommo stated that the decision is “due to the violations of the terms of the Farmout Agreement signed on May 7, 2013, and the inherent legal provisions.”
The oil company (formerly OGX) reported that it intends to be compensated for all “the financial losses caused by Petronas, considering the use of fraud to avoid the completion of the operation.”
According to the company, English law applies to the dispute, which is pending in Rio de Janeiro.
Former Petrobras President Sentenced to 7 Years and 9 Months in Prison
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