trending Market Intelligence /marketintelligence/en/news-insights/trending/o6f9U3c8rYRHAaQmSDpvcw2 content esgSubNav
In This List

Petrobras to sell stake in Lagoa Parda cluster for $9.4M


Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy


Japan M&A By the Numbers: Q4 2023


See the Big Picture: Energy Transition in 2024

Petrobras to sell stake in Lagoa Parda cluster for $9.4M

Petróleo Brasileiro SA will sell its 100% stake and operatorship in the Lagoa Parda cluster to Imetame Energia Ltda. subsidiary Imetame Energia Lagoa Parda Ltda. for $9.4 million.

The transaction will be paid in two installments, with the first installment of $1.4 million to be paid upon the signing of the contract and the remaining $8.0 million to be settled upon closing.

The deal is still subject to approval from the Administrative Council for Economic Defense and the National Agency of Petroleum, Natural Gas and Biofuels, according to an Oct. 11 news release from Petrobras.

The Lagoa Parda cluster comprises three producing onshore concessions, including Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha. It has an average production of 300 barrels of oil per day and 5,500 cubic meters of gas per day.