News

Petronas expands upstream portfolio with 50 pct stake in Tartaruga Verde, Brazil



KUALA LUMPUR, April 26 (Bernama) -- National oil and company Petronas, through its subsidiary Petronas Petróleo Brasil Ltda (PPBL), has entered into a Sale and Purchase Agreement (SPA) with Brazil's Petróleo Brasileiro SA (Petrobras) for a 50 per cent equity in the Tartaruga Verde field (BM-C-36 Concession) and its facilities, Module III of the Espadarte field.

In a statement, Petronas said under the SPA, PPBL would hold a 50 per cent stake, while Petrobras, as the operator, holds the remaining 50 per cent stake.

“The acquisition of equity in Tartaruga Verde and Module III of Espadarte fields marks an important milestone for Petronas as the company diversifies and expands its oil business portfolio in South America.

“The completion of the transaction is subject to the closing conditions, including the approval from the Brazilian Administrative Council for Economic Defence and the Brazilian National Agency of Petroleum, Natural Gas and Biofuels,” it added.

-- BERNAMA

 




    Other News

Kerajaan akan lancar Dasar Tenaga Negara hujung bulan ini - Mustapa

KUALA LUMPUR, 9 Ogos (Bernama) -- Kerajaan akan melancarkan Dasar Tenaga Negara 2021-2040 pada hujung bulan ini untuk meningkatkan aliran pelaburan dan memajukan matlamat pembangunan mampan Malaysia, kata Menteri di Jabatan Perdana Menteri (Ekonomi) Datuk Seri Mustapa Mohamed.


Kumbahan mentah mampu hasil gas butanol, etanol

CYBERJAYA, 8 Ogos (Bernama) -- Kajian rintis di Loji Rawatan Kumbahan Cyberjaya mendapati setiap 15 liter kumbahan mentah mampu menghasilkan 15 peratus gas butanol dan 1.5 peratus etanol.


Malaysia berpotensi jadi hab pembuatan sel bahan api hidrogen - MAHE

KUALA LUMPUR, 4 Ogos  (Bernama) -- Malaysia berpotensi menjadi hab pembuatan sel bahan api hidrogen untuk aplikasi dalam mobiliti hidrogen dan sistem bekalan kuasa tanpa gangguan (UPS), kata Persatuan Tenaga Hidrogen Malaysia (MAHE).


    Main Sponsor


    Quotes



© 2022 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution

Contact us :
General [ +603-2693 9933, helpdesk@bernama.com ]
Product/Service Enquiries [ +603-2050 4466, portal@bernama.com ]