Petrobras Reveals Noncompliance With Contractual Obligation at Carmópolis Field – Notice of Contract Breach

Written by Paulo Nogueira

Published on 26/12/2023 at 10:21

Centro Empresarial Senado (Edisen) Foto: André Motta de Souza / Agência Petrobras – Todos os direitos: Petrobrás

Be the first to react!

© 2023 – Relevant Fact: Closing of the Transaction of a Set of 11 Land Concessions with Guarantor. Adjustments and Amounts Due According to Contractual Measures.

Petrobras, in continuation of the relevant fact disclosed on 12/20/2022, informs of the breach of contractual payment obligation by Carmo Energy and its controller Cobra Instalaciones y Servicios, S.A., as guarantor, related to the sale of all its shares in the set of 11 land concessions for oil and gas production, with integrated facilities, located in the state of Sergipe, collectively referred to as Polo Carmópolis.

In the event of non-payment, Petrobras informed that the sale amount was US$ 1.1 billion, with: (i) US$ 275 million paid as a down payment; (ii) US$ 548 million paid on 12/20/2022, the closing date of the transaction considering the amounts due; and (iii) US$ 296 million due to be paid on 12/20/2023, also considering the amounts due.

Actions by Petrobras in Light of Contractual Obligation Breach

Due to the breach of contractual obligation by the guarantor, Petrobras will take the necessary contractual and legal measures to ensure the payment of the amounts due, related to the closing of the transaction involving the set of 11 land concessions.

ARTICLE CONTINUES BELOW

Petrobras Reveals Noncompliance With Contractual Obligation at Carmópolis Field – Notice of Contract Breach

© 2023 – Relevant Fact: Closing of the Transaction of a Set of 11 Land Concessions with Guarantor. Adjustments and Amounts Due According to Contractual Measures.

Actions by Petrobras in Light of Contractual Obligation Breach

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

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.

In Niger, mud buildings have stood for ten generations while the world spends billions on concrete and steel, now African architects are proving at the Venice Biennale and in real projects that red earth can be the smartest and most sustainable building material of the 21st century.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

Synthetic turf banned: United States, Netherlands, and Australia tighten rules after artificial lawns increase urban flooding and release microplastics

Empty beer bottle turns into sand, and the sand turns into concrete: an American city has discovered how to recycle glass locally using a solar-powered truck that crushes five tons of bottles per day in a local circular economy project.

Research with more than 470,000 people reveals the paradox of the Brazil brand: a country admired for tourism, culture, and economic opportunities, but still needing to overcome insecurity, political distrust, and lack of continuity to strengthen its image in the world.

Iran authorizes the passage of about 30 vessels through the Strait of Hormuz while Trump visits Beijing, according to an Iranian agency, the transit of Chinese ships was resumed after an understanding between Tehran and China, the largest buyer of Iranian oil.

NTS expands social investment to R$ 51.7 million in 2025 and supports 37 projects with more than 130,000 people benefited.

Petrobras Reveals Noncompliance With Contractual Obligation at Carmópolis Field – Notice of Contract Breach

© 2023 – Relevant Fact: Closing of the Transaction of a Set of 11 Land Concessions with Guarantor. Adjustments and Amounts Due According to Contractual Measures.

Actions by Petrobras in Light of Contractual Obligation Breach

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

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.

In Niger, mud buildings have stood for ten generations while the world spends billions on concrete and steel, now African architects are proving at the Venice Biennale and in real projects that red earth can be the smartest and most sustainable building material of the 21st century.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

Oil fluctuates above $100 after meeting between Trump and Xi Jinping and progress in Middle East negotiations

OPEC reduces oil demand forecast for 2026, but bets on global market recovery in 2027

Braskem’s new generation tankers will cross over 5,500 nautical miles between the U.S. and Brazil, reduce CO₂ emissions by 30%, and transport naphtha with modern engines, an optimized hull, and a focus on at-sea efficiency on a strategic route.

Weatherford secures offshore contracts in Brazil through 2030 with operations in the Búzios field and Campos Basin.

Oil-bearing rocks: the most oil-rich place on the planet, with more than 30 supergiant fields and 5 billion barrels in each one

Synthetic turf banned: United States, Netherlands, and Australia tighten rules after artificial lawns increase urban flooding and release microplastics

Empty beer bottle turns into sand, and the sand turns into concrete: an American city has discovered how to recycle glass locally using a solar-powered truck that crushes five tons of bottles per day in a local circular economy project.

Research with more than 470,000 people reveals the paradox of the Brazil brand: a country admired for tourism, culture, and economic opportunities, but still needing to overcome insecurity, political distrust, and lack of continuity to strengthen its image in the world.

Iran authorizes the passage of about 30 vessels through the Strait of Hormuz while Trump visits Beijing, according to an Iranian agency, the transit of Chinese ships was resumed after an understanding between Tehran and China, the largest buyer of Iranian oil.

NTS expands social investment to R$ 51.7 million in 2025 and supports 37 projects with more than 130,000 people benefited.