Brazil's Enauta Buys 23 Percent Stake in Shell Fields in Campos Basin
12.27.2023 By Tank Terminals - NEWS

December 27, 2023 [Rigzone]- Brazilian oil junior Enauta Participacoes SA has acquired a minority stake in the oil fields that comprise the Parque das Conchas for $150 million, according to a company filing.

 

Parque das Conchas is operated by Shell Plc, with a 50 percent equity stake. Enauta bought the 23 percent stake held by QatarEnergy Brasil in the oil fields of Abalone, Ostra and Argonauta, which make up the Parque das Conchas in the Campos Basin.

The transaction, which is subject to closing conditions, is “aligned with Enauta’s portfolio strategy, risk-adjusted return on capital, growth optionalities and capital allocation efficiencies,” Enauta said.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More