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One-Page Deal Sheet

Petrobras Sells Interest in Gulf of Mexico Holdings

Not Disclosed Petrobras
AnnouncedApr 30, 2013
TypeProperty
LocationGulf Of Mexico (GOM)
Announced Date
April 30,2013
Close Date
April 30,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
110




Snapshot
Asset/Basin:
{"Gulf of Mexico"}
Location
Region
Gulf of Mexico

Country
United States

State
Texas

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Transaction Details:  Subscribe to see

Petróleo Brasileiro S.A - Petrobras announces that it has signed today a Sale and Purchase Agreement (SPA) for the sale of the 20% stake the company holds in exploratory blocks KC 49, 50, 92, 93, 94 and 138 in the US Gulf of Mexico. These blocks make up the asset known as Gila, and the operator is British Petroleum (BP).

Petrobras will receive US$ 110 million for the transaction and additional equity in an exploratory block adjacent to an existing Petrobras GOM deepwater discovery Tiber.

This transaction is part of Petrobras’ divestment program, outlined in the 2013-2017 Business & Management…



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Price History



Date Deal Headline Price$/acre
Jan-15-2024 Talos Acquires QuarterNorth Energy For $1.2 Billion - -
Sep-22-2022 Talos to Acquire GOM-Focused EnVen Energy for $1.1 Billion Cash/Stock - -
Jan-10-2022 W&T Acquires GOM Assets, Operatorship for $30.2MM in Cash - -