Petrobras Completes the Purchase of 75% of an Offshore Oil Field in Sao Tome and Principe
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4 Articles
Petrobras concluded the acquisition of the participation and the assumption of the operation of block 3, located in the offshore of São Tomé and Príncipe (on the sea) in Africa, informed the state on Thursday (9). The value of the operation was not announced. With the conclusion of the transaction, the consortium becomes composed of Petrobras (operator, 75% participation) in partnership with the company Oranto (15%) and the National Petroleum Ag…
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The Brazilian state oil company Petrobras has completed this Friday the purchase announced last April of 75% of Block 3, offshore oil field located on the coasts of the African Republic of Sao Tome and Principe. The initial consortium was made up of 90% by the Nigerian Oranto Petroleum Limited, which acted as operator. The remaining 10% belonged to the National Petroleum Agency of Sao Tome and Principe (ANP-STP). However, Petrobras has explained…
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