(Reuters) – Brazilian oil company Enauta Participacoes SA (ENAT3.SA) said on Monday it will no longer sell its stake in the Manati oilfield, adding that conditions for the conclusion of a previously announced deal with Gas Bridge SA have not been met.
“The deal was subject to a series of commercial and regulatory conditions that should have been fulfilled by Dec. 31. With the expiration of the deadline, the company opted not to extend it … and decided to keep this important asset in its portfolio,” Enauta said in a securities filing.
Brazil Energy Insight 
Leave a comment