RIO DE JANEIRO: Brazilian state-run firm Petrobras says it has decided to exercise its right to purchase Malaysian company Petroliam Nasional Bhd or PETRONAS’ 50% stake in two offshore fields in Brazil for US$450mil (RM1.77bil), according to a securities filing.
Following the deal, Petrobras will hold 100% of the Tartaruga Verde field and Module III of the Espadarte field, both located in Brazil’s Campos Basin, which together produce an average of 55,000 barrels per day.
The acquisition would allow Petrobras to connect other wells in the Tartaruga Verde field to its new assets, a source told Reuters. Petrobras did not immediately respond to a request for comment.
Petrobras made a discovery at the nearby Sudoeste de Tartaruga Verde block in November that was deemed “marvelous” by Sylvia Anjos, the firm’s head of exploration and production. — Reuters
