Australian Oil Company Seeks to Acquire Petrobras Field in Santos Basin

Written by Renato Oliveira

Published on 15/07/2019 at 09:53

Petrobras recebe proposta

Be the first to react!

This Is Petrobras’ Second Attempt to Sell the Asset to Karoon, Negotiation Now Enters the Approval Phase of the Brazilian State Company Board

After the second attempt, Petrobras seems to finally be able to dispose of its stake in the Baúna field, located in shallow waters of the Santos Basin.
Karoon Gas Australia Ltd (Karoon), an oil company based in Melbourne but with offices in Brazil and Peru, presented the best proposal to acquire the asset.

The information was released this morning (07/15), and Petrobras will dispose of 100% of the asset, which is part of the company’s divestment plan.
PetroRio was also in the running, but Karoon’s proposal was indeed the best. The negotiation now goes for approval from Petrobras’ regulatory and management bodies.

ARTICLE CONTINUES BELOW

Second Attempt

This is not the first time Petrobras has negotiated with Karoon; the sale of this same area had already been finalized between the companies, but a legal action from the TCU (Tribunal de Contas da União) blocked the deal.
The action, at the time, aimed to regulate Petrobras’ divestment plan concerning its assets.

According to Petrobras’ communication to the market, the company clarified that: “We clarify that the transaction is still in the approval phase by Petrobras’ governance bodies and the subsequent steps will be communicated to the market in accordance with the company’s Divestment System.”

The Asset

The Baúna field has been producing since February 2013 and reached its peak production that same year, when it produced over 76,000 barrels per day.

The FPSO operating it is Cidade de Itajaí, chartered with the Teekay/Ocyan consortium, with a processing capacity of 80,000 barrels per day, and the production system consists of six producing wells, three water injection wells, and one gas injection well.

Also Read Here on CPG! Are Class Councils Nearing the End? Guedes Sends PEC to Congress to Try to Extinguish the Obligation Once and for All!

Australian Oil Company Seeks to Acquire Petrobras Field in Santos Basin

This Is Petrobras’ Second Attempt to Sell the Asset to Karoon, Negotiation Now Enters the Approval Phase of the Brazilian State Company Board

Second Attempt

The Asset

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Chevrolet Onix Activ 2027 with a 1.0 turbo engine of 115 hp, fuel efficiency of up to 15.3 km/l, and 20.1 cm of ground clearance debuts for R$ 116,000 after 7 years, featuring an adventurous look and a 15-year warranty on the oil-bathed belt.

Bosch combines diesel and ethanol in sugarcane harvesters and tests a system capable of replacing up to 60% of fossil fuel without loss of power; agricultural machines consume up to 120,000 liters of diesel per year in Brazil.

Glass box becomes a museum piece: new bathroom solution eliminates even the toughest mold spots, gets rid of grimy tracks, visually expands the space, and already dominates high-end modern projects in 2026.

Starlink, Elon Musk’s internet, is better than Fiber Optic? Satellite technology already delivers up to 220 Mb/s and 25 ms latency, but Vivo, Claro, and TIM still offer connections of up to 1 Gb/s in Brazil.

How much does it cost to make a radier? A shallow foundation can speed up the construction and reduce stages, but poorly compacted soil, excess load, and design errors can turn the concrete slab into cracks, structural settlements, and much higher expenses later on.

Australian Oil Company Seeks to Acquire Petrobras Field in Santos Basin

This Is Petrobras’ Second Attempt to Sell the Asset to Karoon, Negotiation Now Enters the Approval Phase of the Brazilian State Company Board

Second Attempt

The Asset

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.

Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Chevrolet Onix Activ 2027 with a 1.0 turbo engine of 115 hp, fuel efficiency of up to 15.3 km/l, and 20.1 cm of ground clearance debuts for R$ 116,000 after 7 years, featuring an adventurous look and a 15-year warranty on the oil-bathed belt.

Bosch combines diesel and ethanol in sugarcane harvesters and tests a system capable of replacing up to 60% of fossil fuel without loss of power; agricultural machines consume up to 120,000 liters of diesel per year in Brazil.

Glass box becomes a museum piece: new bathroom solution eliminates even the toughest mold spots, gets rid of grimy tracks, visually expands the space, and already dominates high-end modern projects in 2026.

Starlink, Elon Musk’s internet, is better than Fiber Optic? Satellite technology already delivers up to 220 Mb/s and 25 ms latency, but Vivo, Claro, and TIM still offer connections of up to 1 Gb/s in Brazil.

How much does it cost to make a radier? A shallow foundation can speed up the construction and reduce stages, but poorly compacted soil, excess load, and design errors can turn the concrete slab into cracks, structural settlements, and much higher expenses later on.