ANP OKs Transfer of Anadarko's Offshore Stake to Petrobras
RIO DE JANEIRO - Brazil's National Petroleum Agency, or ANP, has approved the transfer of a stake in an offshore exploration block held by Anadarko Petroleum Corp. to state-run energy giant Petroleo Brasileiro, or Petrobras.
ANP directors approved the transaction at a board meeting last week. Anadarko said that it had relinquished its interest in the block approximately six months ago. Petrobras didn't immediately respond to requests for comment.
Anadarko ceded its 30 percent stake in the ES-M-661 block to Petrobras, which operates the offshore exploration area with a 40 percent stake, according to minutes of the meeting. Closely held firm IBV holds the remaining 30 percent. Anadarko, however, retained its interest in the ES-M-588 and ES-M-663 blocks located that make up part of the broader BM-ES-24 concession, the minutes showed.
In July, Petrobras said that it discovered a reservoir of heavy oil in the Grana Padano well drilled in the block. The well was drilled 64 kilometers from Petrobras' Golfinho field, located in the offshore Espirito Santo Basin.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 35 Offshore Rigs
Manages 13 Offshore Rigs
- Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects (Dec 14)
- Natural Gas In Petrobras Pipelines Up About 23% In 2017 (Dec 05)
- Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO (Nov 15)
Company: Anadarko Petroleum more info
- 4 Ways Agile Sourcing Can Lead Enterprises to Success (Nov 10)
- Gadfly: Anadarko Woke Up, and It Really Smells the Coffee (Nov 01)
- No More Free Lunch Is the Big Change Under Way in the Oil Market (Oct 09)
Company: ANP more info
- Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad (Oct 04)
- Brazil's Prized Santos Basin Receives Single Bid In Oil Auction (Sep 27)
- Brazil Pre-Salt Oil Output Surpasses All Other Fields In June (Jul 31)