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Carmo Energy S.A.

Company Summary

Operational Regions

  • South America

Recent news

  • 12/27/2021 - Petrobras Sells Select... (subscriber access)

Company Transactions

Date: 12/27/2021
Type: Acquisition

SELLERS:
  • Petrobras
  • DETAILS:

    COST: 1.1 $B

    NOTES:
    Petrobras has sold off its position in the onshore Polo Carmópolis of Brazil to Carmo Energy for $1.1 billion. They will pay $275 million up font, $550 million upon closing and another $275 million after the first year following closing. The area spans 11 onshore concessions in the Brazilian state of Sergipe.
    REGIONS:
  • South America