PetroRio renegocia com a Chevron os próximos pagamentos da compra de fatia no Campo de Frade

PetroRio Renegotiates with Chevron the Upcoming Payments for the Purchase of a Stake in Frade Field

Written by Roberta Souza

Published on 17/06/2020 at 09:55

frade, petrorio, chevron

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The Companies Set a New Amortization Schedule for Payments Related to Their Stake in the Frade Field

PetroRio, a Brazilian oil and gas company, and American Chevron renegotiated the terms of the contract for the sale of 51.74% of the Frade field and the platform operating at the site.

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The original contract had a remaining principal of US$ 142 million, with an amortization profile of US$ 77 million in September 2020 and approximately US$ 64 million in March 2021, at an interest rate of 5.82% per year. The new amortization profile, which takes effect immediately, foresees US$ 15 million in November 2020, US$ 30 million in May 2021, and US$ 97 million in November 2021 at a new interest rate of 7% per year.

ARTICLE CONTINUES BELOW

PetroRio Renegotiates with Chevron the Upcoming Payments for the Purchase of a Stake in Frade Field

The Companies Set a New Amortization Schedule for Payments Related to Their Stake in the Frade Field

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PetroRio Renegotiates with Chevron the Upcoming Payments for the Purchase of a Stake in Frade Field

The Companies Set a New Amortization Schedule for Payments Related to Their Stake in the Frade Field

See Other News:

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An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

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