Teaser: Santos Basin
(WorldNews Netherlands)

Offshore Investment Opportunity, Santos Basin, Brazil - 10 August, 2020 Offshore Exploratory Investment Opportunity, Santos Basin, Brazil SUMMARY - Petróleo Brasileiro S.A. ("Petrobras") is undertaking a process ("Process") to sell 100% to 50% of its equity interest in BM-S-51 Concession, with hand-over the operation, located in Santos Basin, Brazil ("The Potential Transaction"). The Concession was acquired in ANP`s 7th Bidding Round and is in the 1st Exploratory Period (1st PEX), with the residual commitment of drilling 1 well to fulfill the commitment of the Minimum Exploratory Program (PEM). Petrobras holds 80% interest in BM-S-51 Concession, in a consortium...