🕐26.11.12 - 23:54 Uhr
PETROBRAS - PRESS RELEASE: SALE OF INTEREST IN BS-4 BLOCK
Dear Mr/Mrs Ramin Farzanehfar,
Rio de Janeiro, November 26, 2012 – Petróleo Brasileiro S.A.
– Petrobras has sold 40% of its interest in the BS-4’s Concession, located in the Santos Basin, which includes Atlanta and Oliva fields, to OGX Petróleo e Gás Participações S.A.
The two companies have executed a Farmout Agreement and Petrobras will receive a total of US$ 270 million for the operation.
The deal is subject to approval by the National Petroleum, Natural Gas and Biofuels Agency (ANP).
Queiroz Galvão Exploração e Produção S.A.
will remain as the operator for the concession, with a 30% interest, and Barra Energia do Brasil Petróleo e Gás Ltda.
will also uphold its 30% interest.
This is the first asset sale under Petrobras divestment program, which is part of the 2012-2016 Business and Management Plan.
Sincerely,
Investor Relations.
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