Petrobras (PETR4) Closes $35 Million Deal With Enauta (ENAT3) In Mutual Gain Negotiation

Written by Paulo Nogueira

Published on 22/12/2023 at 00:15

A Petrobras (PETR4) informou nesta quinta-feira (21) que assinou com a Enauta (ENAT3), por até US$ 35 milhões, contratos que vendem a totalidade de sua – Todos os direitos: MoneyTimes

Be the first to react!

Petrobras (PETR4) Closes Sale Agreement for All Uruguá and Tambaú Fields to Enauta (ENAT3) for Up to US$ 35 Million. Agreements, Contracts, and Future Brent Quotations.

Petrobras (PETR4) completed negotiations on Thursday (21) by signing a sale agreement with Enauta (ENAT3) regarding the Uruguá and Tambaú fields in the Santos Basin. The total value of the transaction may reach US$ 35 million, with US$ 3 million paid today and US$ 7 million at closing, in addition to up to US$ 25 million in contingent payments. The fields represent less than 1% of the production operated by Petrobras in the Santos Basin, justifying the divestment given the low adherence strategically they represent.

The divestment allows Petrobras to direct resources to assets more aligned with its strategy, including the growing decarbonization of operations. Furthermore, the company reported that employees involved in the operation of the fields will be reassigned to other operations within the company in the Santos Basin business unit. The BS-500 concession, where the fields are located, was acquired through ANP’s Zero Round and is situated in the northern portion of the Santos Basin, between 140 and 160 km off the coast of the state of Rio de Janeiro.

Petrobras Negotiation for Divestment of Uruguá and Tambaú Fields

Petrobras’ negotiation for divestment of the Uruguá and Tambaú fields is ongoing, with the company seeking a deal for the transaction. The sale of these assets is part of Petrobras’ strategy to divest from certain non-core assets, aiming to reduce its debt and focus on higher return areas. The contracts for chartering the platforms operating in these fields are nearing expiration, and Petrobras is looking to negotiate the decommissioning of the units and all related operations.

ARTICLE CONTINUES BELOW

See also

During the negotiation process, Petrobras has been closely monitoring future Brent quotations, as the company aims to ensure that the terms of the deal are advantageous relative to market projections. Additionally, the company considers events related to the development of the assets, as well as strategic statements that may impact negotiations.

This negotiation has also generated interest in financial markets, with investors closely watching the movements of international stocks in relation to Petrobras’ divestments. Investments in the North American setting have been especially relevant, given the increasing importance of decarbonizing operations and the strategic relevance of the assets in question.

The negotiation for the Uruguá and Tambaú fields is part of Petrobras’ Zero Round of divestments, which aims to reduce its operations in deeper waters and focus on areas with lower water depth. The company is committed to its divestment plan, which includes a broad asset negotiation process across Brazil, aiming for more efficient capital and resource allocation.

Source: MoneyTimes

0 Comments

most recent

older Most voted

Petrobras (PETR4) Closes $35 Million Deal With Enauta (ENAT3) In Mutual Gain Negotiation

Petrobras (PETR4) Closes Sale Agreement for All Uruguá and Tambaú Fields to Enauta (ENAT3) for Up to US$ 35 Million. Agreements, Contracts, and Future Brent Quotations.

Petrobras Negotiation for Divestment of Uruguá and Tambaú Fields

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

David Camacho, the 10-year-old Mexican child prodigy with an IQ of 162, higher than Einstein’s, underwent astronaut training at NASA, speaks four languages, and created an app to help children deal with emotions after the bullying he experienced.

London waited more than 360 years for this scene: four pelican chicks are born in St James’s Park, surprising experts, resembling little dinosaurs, and turning an isolation caused by avian flu into a historic chapter for the birds that have lived alongside British royalty since 1664.

They wanted artificial intelligence, but they drained the water from a village in Mexico: the water consumption of data centers caused a hepatitis outbreak, and big tech companies Amazon, Microsoft, and Google were forced to halt billion-dollar projects.

System created to save lives in disasters turned ‘against’ Brazilians overnight: a hacker attack sent out a false alert from Civil Defense with the word “misantropia” that went off on the phones of half the country, even in silent mode, and took down the Cell Broadcast.

NASA captured by satellite an underwater volcano erupting in the Bismarck Sea, in the Pacific, and now scientists are waiting to see if a new island will be born there in front of the cameras, a very rare phenomenon to witness live from space.

Petrobras (PETR4) Closes $35 Million Deal With Enauta (ENAT3) In Mutual Gain Negotiation

Petrobras (PETR4) Closes Sale Agreement for All Uruguá and Tambaú Fields to Enauta (ENAT3) for Up to US$ 35 Million. Agreements, Contracts, and Future Brent Quotations.

Petrobras Negotiation for Divestment of Uruguá and Tambaú Fields

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Petrobras is expected to complete the drilling of the Morpho well in the Foz do Amazonas in August 2026, the first well in the Equatorial Margin, an oil frontier that the ANP estimates at more than 30 billion barrels and could redraw the map of Brazil.

Oil returns to the center of concerns with tension between the US and Iran

IEA reduces forecast for global oil demand in 2026 after impacts of the Middle East crisis

Bank of Japan raises interest rates to 1%, reaching the highest level in over three decades

ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.

David Camacho, the 10-year-old Mexican child prodigy with an IQ of 162, higher than Einstein’s, underwent astronaut training at NASA, speaks four languages, and created an app to help children deal with emotions after the bullying he experienced.

London waited more than 360 years for this scene: four pelican chicks are born in St James’s Park, surprising experts, resembling little dinosaurs, and turning an isolation caused by avian flu into a historic chapter for the birds that have lived alongside British royalty since 1664.

They wanted artificial intelligence, but they drained the water from a village in Mexico: the water consumption of data centers caused a hepatitis outbreak, and big tech companies Amazon, Microsoft, and Google were forced to halt billion-dollar projects.

System created to save lives in disasters turned ‘against’ Brazilians overnight: a hacker attack sent out a false alert from Civil Defense with the word “misantropia” that went off on the phones of half the country, even in silent mode, and took down the Cell Broadcast.

NASA captured by satellite an underwater volcano erupting in the Bismarck Sea, in the Pacific, and now scientists are waiting to see if a new island will be born there in front of the cameras, a very rare phenomenon to witness live from space.