Petronas acquires 50% of Tartaruga Verde for USD1.29bil from Petrobras. The binding phase for this sale was initiated in Dec 2017, so took apprx 16-17 months to close this sale.
Wonder how the binding phase for Bauna was progressing and the cut-off date for this transaction ? Bauna has produced apprx 119 to 120 mmbbls till Dec2018 & a few more million barrels this year.
Another batch of 34 Onshore fields was sold to Potiguar E&P for USD 384mil.
http://www.investidorpetrobras.com.br/en/press-releases/petrobras-executes-three-agreements-sale-assets-totaling-us-103-billion
http://www.investidorpetrobras.com.br/en/press-releases/sale-90-equity-interest-tag-start-binding-phase
https://www.petronas.com/media/press-release/petronas-expands-upstream-portfolio-50-equity-tartaruga-verde-brazil
Peregrino closing q1?, page-513
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