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Petrobras America Inc

Company Summary


Petrobras America Inc. explores, produces, refines, trades, markets, and transports oil and gas. It offers automotive gasoline, diesel fuel, ethanol, lubricants, and vehicular natural gas; liquefied petroleum gas and residential natural gas; maritime diesel fuel, bunker, and lubricants; and fuel and lubricants for the aviation and railroad sector. The company also provides industrial products, which comprise asphaltic products, base oils, fuel oils, greases, green petroleum coke, industrial lubricants, industrial natural gas, paraffin, solvents, and sulfur; ammonia and urea for fertilizer and mineral supplement industries; and feed supplement for ruminants.


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Company Transactions

Date: 10/1/2018
Type: Joint Venture


COST: 900 $MM


Murphy Oil and Petrobras entered into a definitive agreement to form a new joint venture comprised of Gulf of Mexico assets from Murphy and Petrobras with Murphy overseeing operations. The deal contains an effective date of October 1, 2018, and is expected to close by year-end 2018. Murphy Oil will pay $900 million to Petrobras, who will earn an additional contingent consideration of up to $150 million if certain price and production thresholds are exceeded between 2019-2025. The deal also sees Murphy receive 41 Mboe/d to their Gulf of Mexico production while also adding roughly 60 MMboe of proven reserves and 86 MMboe of proven and profitable reserves (97% oil).
  • Gulf of Mexico