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.

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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

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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

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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.

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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.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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