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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

HRT to Acquire 40% Stake in Campos Basin Field From Maersk

Hrt Participoes Em Petroleo Sa Maersk Oil
AnnouncedJul 9, 2014
TypeProperty
Announced Date
July 09,2014
Close Date
December 04,2015
Transaction Type
Property




Snapshot
Asset/Basin:
{Campos}
Location
Region
South America,Offshore

Country
Brazil


Transaction Details:  Subscribe to see

HRT Participaes em Petr絳leo S.A., a jointly with its wholly-owned subsidiary, HRT Oil & Gas Ltda, announces that it has entered into a purchase and sale agreement with Maersk Energia Ltda to acquire a 40% participating interest in the Polvo Field, in the Campos Basin.

The completion of the purchase and sale transaction between HRTO&G and Maersk is subject to certain conditions, including the final approval by the National Petroleum, Natural Gas and Biofuels Agency (ANP).

HRT's plan is to extend the lifespan of this Field through the increase in production from proved undeveloped reserves.

Milt…

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