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July 25, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 07/08/2019, announces the beginning of the non-binding phase related to the sale of all its stakes in four onshore fields, located in Bahia, jointly known as Tucano Sul Cluster. Parties qualified for this phase will receive instructions on the divestment process,... Continue Reading →
July 25, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it received this week R$ 425 million as a result of leniency agreements and repatriations carried out by the Federal Prosecutor’s Office. Thus, the total amount of funds returned to the company as a result of cooperation, leniency agreements and repatriation exceeds R$ 4 billion.... Continue Reading →
July 24, 2019 Petrobras is expected to start drilling a well in the Sagitario prospectus next quarter, Repsol said in its financial report released Wednesday. The initial forecast was that the activity would take place in the second quarter, but the schedule was postponed. Sagitario was awarded in the seventh round of ANP bids to... Continue Reading →
July 24, 2019 Another important pre-salt project is starting to move forward. Petrobras recently published the call for charter for the FPSO to be used in Itapu, in the Transfer of Rights area. Bid opening is scheduled for December 22 this year and international bidding will be by closed envelop mode. The charter agreement will... Continue Reading →
Rio de Janeiro, July 24, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today an unfavorable decision on an administrative tax proceeding which deals with the collection of CIDE - Import tax regarding remittances abroad for the payment of charter contracts in the calendar year of... Continue Reading →
July 24, 2019 Petróleo Brasileiro S.A. - Petrobras announces that today it signed two contracts for the sale of upstream assets in shallow waters in Campos and Santos Basins, in the total amount of US$ 1.5 billion (about R$ 5.7 billion). The transactions refer to: the sale of 100% of its interest in the Pampo... Continue Reading →
Petrobras approves Debentures Public Offering — Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro SA - Petrobras, in compliance with the provisions of Instruction no. 358 of January 3, 2002, issued by the Securities and Exchange Commission of Brazil ("CVM"), hereby informs that the Board of Directors, in a meeting held today, approved the... Continue Reading →
Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro S.A. - Petrobras announced today the pricing of the secondary public offering of shares of Petrobras Distribuidora S.A. (“BR Distribuidora”). Petrobras’s Board of Directors approved today the sale of 349,500,000 shares in BR Distribuidora, including 58,250,000 additional shares as part of Petrobras’s option to increase the... Continue Reading →
July 23, 2019 Petrobras has launched the tender documents for the chartering of the Itapu and Mero 3 FPSOs, Santos Basin production systems designed to go into production in 2023 and 2024, respectively. As in the previous cases of Libra production units, Mero 3 is conducted under the letter of invitation regime. Petrobras demands an... Continue Reading →
Rio de Janeiro, July 23, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today an unfavorable decision on an administrative tax proceeding in the amount of about R$ 5.22 billion, which deals with the collection of PIS/COFINS - Import tax regarding remittances abroad for the payment... Continue Reading →
