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AlwaysFree: Petrobras On Receiving The Sale Of The Albacora Leste Field

Author: SSESSMENTS

According to the company’s website press release on January 26, 2023, Petróleo Brasileiro S.A. –Petrobras, following up on the release disclosed on 04/27/2022, when it signed the Sales and Purchase Agreement (SPA), informs that it received the cash payment of US$ 1.635 billion (R$ 8.455 billion) related to the sale of all of its interest in the Albacora Leste production field, located in the Campos Basin, to the company Petro Rio Jaguar Petróleo LTDA. (PetroRio), a subsidiary of Petro Rio S.A.. 

The amount received is in addition to the US$ 292.7 million paid to Petrobras when the sale contract was signed on 04/28/2022. In addition to this amount, Petrobras is expected to receive up to US$ 250 million in contingent payments, depending on future Brent prices. The other procedures required to formalize the transaction before the National Petroleum, Natural Gas and Biofuels Agency (ANP) will be carried out today, and when they are concluded Petrobras will communicate them to the market in due course.

www.petrobras.com.br/ir  

For more information: PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investors Relations email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br  

Av. Henrique Valadares, 28 – 19th floor– 20231-030 – Rio de Janeiro, RJ. Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540

Tags: AlwaysFree,Brazil,Crude Oil,English,Latin America

Published on January 31, 2023 4:55 PM (GMT+8)
Last Updated on January 31, 2023 4:55 PM (GMT+8)