Deal Insight
PETRONAS buys 50% stake in Petrobras' Tartaruga Verde for US$1.3 billion
Report summary
PETRONAS has agreed to buy a 50% stake in Tartaruga Verde and Module III fields in Brazil's Campos basin. Petrobras will retain a 50% operating interest. Understanding how the assets fit into each company's portfolio gives us a glimpse into their corporate strategies.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Tartaruga Verde
- Espadarte Module III
- Deal analysis
-
Upsides and risks
- Sudoeste de Tartaruga Verde potential upside
-
Strategic rationale
- PETRONAS pushes into Latin America
- Alignment with Petrobras' strategy
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
- PETRONAS production outlook
What's included
This report contains:
Other reports you may be interested in
25 August 2020
Tartaruga Verde
Asset Report
Tartaruga Verde
Located in the Campos basin 125 kilometres off the coast of Macaé, Tartaruga Verde was discovered by Petrobras in 2009. The ...
$3,10007 May 2019
Espadarte Area
Asset Report
Espadarte Area
Located in the Campos basin about 110 km from the coast, the Espadarte area concession contains six discoveries. Production from the ...
$3,10003 April 2017
Corporate week in brief: ConocoPhillips’ shares surge on US$13.3 billion oil sands deal
Insight
Corporate week in brief: ConocoPhillips’ shares surge on US$13.3 billion oil sands deal
We analyse ConcocoPhillips’ US$13.3 billion Canadian oil sands deal, ExxonMobil’s third oil discovery offshore Guyana and the latest M&A.
$700
