The Petroleo Brasileiro SA (Petrobras) MV30 Carioca floating, production, storage and offloading (FPSO) vessel anchored in Angra dos Reis, Rio de Janeiro state, Brazil, on Thursday, July 1, 2021. Few oil industries outside the Middle East are as well positioned as Brazil’s to survive an aggressive pullback in consumption and prices as developed nations tackle emissions with more urgency. Photographer: Dado Galdieri/Bloomberg , BloombergBrazilian 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% equity stake. Enauta bought the 23% 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.
