One-Page Deal Sheet
Petrobras Farms-Out in Gulf of Mexico
Not Disclosed Petrobras
Announced Date
August 16,2013
Close Date
August 16,2013
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
185
Asset/Basin:
{"Gulf of Mexico"}
Location
Region
South America,Gulf of Mexico
Country
Brazil
Country
United States
State
Texas
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Petrobras, in compliance with Brazilian Securities Commission regulation – CVM No. 358/02, announces that its Board of Directors, in a meeting held today, approved the following asset sale transactions totaling US$ 2.1 billion:
Farm-out contracts for US$ 185 million related to the totality of Petrobras’ stake in blocks MC 613 (Coulomb), GB 244 (Cottonwood) and EW 910, all in production and located in the US Gulf of Mexico. Petrobras has a 33% stake in Coulomb field, while the remaining 67% is held by Shell, which is the operator. This field is located in the Mississippi Canyon Block 613 (MC…
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