Petrobras enfim conclui a venda dos campos de Pargo, Carapeba e Vermelho a Perenco

Petrobras Finally Completes Sale of Pargo, Carapeba, and Vermelho Fields to Perenco

Written by Paulo Nogueira

Published on 09/10/2019 at 06:04

Updated on 09/10/2019 at 10:54

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The Deal Yielded US$ 324 Million in Cash for Petrobras, Stay Tuned in the Coming Days

Petrobras, following the announcement of 11/28/2018, informs that it has finalized today the sale of its entire stake in the Pargo, Carapeba, and Vermelho fields, located in shallow waters off the coast of Rio de Janeiro, to the company Perenco Petróleo e Gás do Brasil Ltda (“Perenco”).

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After fulfilling all precedent conditions, the transaction was completed with a payment of about US$ 324 million to Petrobras, already with the adjustments provided in the contract. This amount adds to the US$ 74 million paid to Petrobras upon signing the sale contracts.

“This operation is aligned with the optimization of the portfolio and the improvement of the company’s capital allocation, aiming to generate value for our shareholders,” says the state company in a statement.

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About the Assets Petrobras Sold to Perenco

The Pargo field was discovered in 1975, and the Carapeba and Vermelho fields in 1982, with production starting in 1988. These concessions were granted to Petrobras in 1998 during the so-called Round Zero of bidding. The production system of these fields is integrated and consists of seven fixed jacket platforms. With the closing of the transaction, Perenco becomes the operator of the fields.

Source: Petrobras Press Release 10/08/2019

Engeman Won a Maintenance Contract with Perenco – Stay Alert

As announced on Click Petróleo e Gás on August 16, as soon as Engeman announced it, an article was published about this newly signed contract between the two companies. The scope covers services of Boiler Making, Painting, Supply, Scaffold Assembly, Load Handling, Crane Operation, and Industrial Cleaning. Read more about it here, and those who have already gone through an interview and are waiting for any feedback, stay alert.

Petrobras Finally Completes Sale of Pargo, Carapeba, and Vermelho Fields to Perenco

The Deal Yielded US$ 324 Million in Cash for Petrobras, Stay Tuned in the Coming Days

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About the Assets Petrobras Sold to Perenco

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Petrobras Finally Completes Sale of Pargo, Carapeba, and Vermelho Fields to Perenco

The Deal Yielded US$ 324 Million in Cash for Petrobras, Stay Tuned in the Coming Days

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