trending Market Intelligence /marketintelligence/en/news-insights/trending/nlVrDAOupGR9qfEt-NXyJw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Petrobras to sell 70% stake in Maromba field to BW Offshore for $90M

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years


Petrobras to sell 70% stake in Maromba field to BW Offshore for $90M

Petróleo Brasileiro SA - Petrobras said March 8 it signed an agreement with BW Offshore Ltd to sell its 70% stake and operatorship of the Maromba field in the Campos Basin offshore Brazil for $90 million.

Payment will be done in three installments, including $20 million at the deal's closing, $20 million following the start of well drilling activities and $50 million within the first three months of first oil, or the first three years after the start of well drilling activities, whichever comes first.

BW Offshore will take operatorship of the field following the deal's closing, subject to precedent conditions such as approval from Brazil's Administrative Council of Economic Defense and the National Petroleum, Natural Gas and Biofuels Agency.

The Maromba field is in the Campos Basin, which is approximately 100 kilometers off the coast of the Brazilian state of Rio de Janeiro.