Petrobras Sells Paraná Basin Concession to Ubuntu Engineering and Services for US$ 31,000

Written by Roberta Souza

Published on 21/12/2021 at 10:57

Foto: reprodução

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Petrobras Announced on Monday (20) That It Signed a Contract with Ubuntu, Selling Its Entire Stake in the Paraná Basin

Yesterday, December 20, Petrobras signed a contract with Ubuntu Engineering and Services, completely relinquishing its concession PAR-T-198_R12 in the Paraná Basin. The negotiation resulted in a value of US$ 31,000 for the oil company, which reported that the closing will occur subject to the fulfillment of precedent conditions and approval by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

The concession PAR-T-198_R12 is located in the far west of the State of São Paulo and was acquired in the 12th ANP Bidding Round in 2013. It is currently in the 1st Exploratory Period and has fully complied with the Minimum Exploratory Program (PEM) commitments. Petrobras holds a 100% stake in the concession.

Petrobras also noted that the negotiation is being conducted according to its portfolio management strategy and aims to improve the allocation of the company’s capital, with the goal of maximizing value and providing the greatest return to society.

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ANP Auction Brings Together Petrobras, Shell, and Total for Exploration and Production of Excess Volumes from the Production Sharing Agreement in the Atapu and Sépia Fields

The 2nd Auction Round for the Excess of the Production Sharing Agreement in the Atapu and Sépia offshore fields, held on Friday (17) by the ANP (National Agency of Petroleum, Natural Gas and Biofuels), sparked mixed reactions in the Brazilian oil and gas market.

Union representatives linked to workers protested against the increasing foreign presence in the sector, considered strategic for the defense of national sovereignty, while oil companies and major fuel distributors assessed the auction result positively for enhancing competitiveness and attracting new investments at a time when the economy is facing a phase of technical recession, inflation, and high unemployment levels. Environmentalists also demonstrated in front of the hotel in Rio de Janeiro where the auction took place. Check out this article in full by clicking here.

Petrobras Sells Paraná Basin Concession to Ubuntu Engineering and Services for US$ 31,000

Petrobras Announced on Monday (20) That It Signed a Contract with Ubuntu, Selling Its Entire Stake in the Paraná Basin

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Petrobras Sells Paraná Basin Concession to Ubuntu Engineering and Services for US$ 31,000

Petrobras Announced on Monday (20) That It Signed a Contract with Ubuntu, Selling Its Entire Stake in the Paraná Basin

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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.

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