Petrobras Aligns Sale Contract for Baúna Field in Santos Basin With Karoon Oil and Gas

Written by Flavia Marinho

Published on 25/07/2020 at 13:03

Updated on 27/07/2020 at 13:46

Petrobras alinha contrato de venda do campo de Baúna, na Bacia de Santos com a Karoon Petróleo e Gás

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According to Petrobras, the adjustments are regarding the deadline for the two installments that Karoon has to pay for the transaction, totaling US$ 665 million, announced in July 2019

Petrobras reported in a relevant fact last night (07/24) that it has adjusted the terms of the sale contract for the Baúna oil field (BM-S-40), located in shallow waters in the Santos Basin, to the Australian Karoon Energy. To Increase Offshore Labor Demand, Petrobras Starts New Pre-Embarque Procedure Starting Monday (07/27)

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According to the state-owned company, the adjustments were made due to the impact caused by the COVID-19 pandemic and the consequent difficulty in meeting the originally defined preceding conditions, in common agreement with Karoon Petroleum & Gas.

According to the Petrobras report, the adjustments relate to the deadline for the two installments that the Australian company has to pay for the transaction, totaling US$ 665 million, announced in July last year, which are:

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About Petrobras’ Baúna Oil Field

The Baúna field, located in the Santos Basin off the coast of São Paulo state, began operations in February 2013 and currently produces about 16,000 barrels of oil per day through the FPSO Cidade de Itajaí.

With this transaction, Karoon Petroleum & Gas Ltda will become the operator of the concession with 100% participation.

Petrobras Aligns Sale Contract for Baúna Field in Santos Basin With Karoon Oil and Gas

According to Petrobras, the adjustments are regarding the deadline for the two installments that Karoon has to pay for the transaction, totaling US$ 665 million, announced in July 2019

Read Also

About Petrobras’ Baúna Oil Field

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Petrobras Aligns Sale Contract for Baúna Field in Santos Basin With Karoon Oil and Gas

According to Petrobras, the adjustments are regarding the deadline for the two installments that Karoon has to pay for the transaction, totaling US$ 665 million, announced in July 2019

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Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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