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  • PETRONAS Expands Upstream Portfolio With 50% Equity In Tartaruga Verde
    édité le 26/04/2019 - Plus de news de "Petronas" - Voir la fiche entreprise de "Petronas"


PETRONAS Expands Upstream Portfolio With 50% Equity In Tartaruga Verde
PETRONAS through its subsidiary, PETRONAS Petróleo Brasil Ltda. (PPBL) entered into a Sale and Purchase Agreement (SPA) with Petróleo Brasileiro S.A. (Petrobras), Brazil’s petroleum multinational corporation, for a 50 per cent equity in the Tartaruga Verde field (BM-C-36 Concession) and its facilities, Module III of the Espadarte field, both located in deep waters of the Campos Basin, offshore Brazil.

The signing of the SPA was formalised today in Rio de Janeiro, Brazil. The completion of the transaction is subject to the closing conditions, including the approval from the Brazilian Administrative Council for Economic Defense and the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.

PPBL will hold a 50 per cent stake, while Petrobras as the Operator, holds the remaining 50 per cent stake. The acquisition of equity in Tartaruga Verde and Module III of Espadarte fields marks an important milestone for PETRONAS as the company diversifies and expands its oil business portfolio in South America.

About Petronas

With over 35 years of experience, PETRONAS is recognised with a sterling reputation as a reliable LNG supplier and solutions provider. Operating from its main supply base (PETRONAS LNG Complex) in Bintulu, Sarawak. PETRONAS LNG Complex is one of the world’s largest LNG complexes on a single site. The nine-train facility has a combined annual production capacity of about 30 million tonnes. In addition, PETRONAS has also diversified its LNG supply portfolio in recent years with the inclusion of Australia’s Gladstone LNG and the world’s first floating LNG facility located offshore Sarawak.

About Petrobras

We have upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.


Origine : Communiqué Petronas

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