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

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

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

Neymar’s apartment in Itapema (SC) is 670 m², has five suites (one with a hot tub), a barbecue grill in a gourmet area, a climate-controlled wine cellar, and panoramic beach views. Its market value is estimated at R$ 10 million.

The chaotic stretch of BR-282 in Palhoça (SC), which combines local traffic from two neighborhoods with trucks crossing the State, could get service roads. Dnit reached an agreement with the city hall to tender the work between km 15 and 18.

Federal Deputy Nikolas Ferreira (PL) announced this Sunday, on social media, the launch of the flip-flop brand “Pé Direito”. The product starts being sold on the 14th, days after the controversy surrounding Havaianas’ campaign with Fernanda Torres.

Foldable house arrives by truck, unfolds on site in 3 hours and can be disassembled more than 50 times: 30 m² European model weighs 10.5 tons and transforms modular housing into a mobile product

Gasoline prices surge in the US, pushing families to credit cards as squeezed incomes turn “buy now, pay later” into an emergency option.

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

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

A 45 km² oil slick appears in satellite images near Kharg Island, an area that accounts for 90% of Iran’s oil exports.

While Petrobras operates at 7,000 meters in the pre-salt layer, China is extracting oil and gas at 10,910 meters onshore — Shenditake 1 is the world’s first onshore well to exceed 10 km.

Brazil discovers natural hydrogen in four states and enters the silent race that could redraw the energy transition: Petrobras has already invested R$ 20 million in studies.

Trump promises transparency in Venezuela’s oil, but secret deals and corruption allegations continue to surround the billion-dollar sector.

Oil near US$100 raises tension on Wall Street and amplifies global fear about inflation, energy, and the Middle East crisis

Neymar’s apartment in Itapema (SC) is 670 m², has five suites (one with a hot tub), a barbecue grill in a gourmet area, a climate-controlled wine cellar, and panoramic beach views. Its market value is estimated at R$ 10 million.

The chaotic stretch of BR-282 in Palhoça (SC), which combines local traffic from two neighborhoods with trucks crossing the State, could get service roads. Dnit reached an agreement with the city hall to tender the work between km 15 and 18.

Federal Deputy Nikolas Ferreira (PL) announced this Sunday, on social media, the launch of the flip-flop brand “Pé Direito”. The product starts being sold on the 14th, days after the controversy surrounding Havaianas’ campaign with Fernanda Torres.

Foldable house arrives by truck, unfolds on site in 3 hours and can be disassembled more than 50 times: 30 m² European model weighs 10.5 tons and transforms modular housing into a mobile product

Gasoline prices surge in the US, pushing families to credit cards as squeezed incomes turn “buy now, pay later” into an emergency option.