Africa Oil Corporation’s acquisition of a 50% stake in Nigeria-focused Petrobras Oil and Gas B.V. (POGBV) could be the start of a new wave of mergers and acquisitions in sub-Saharan Africa’s economically important oil and gas sector, the company has said.

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Under the deal, the consortium will buy a 50 percent share in Petrobras Oil and Gas B.V., a company owning a share in oil fields offshore Nigeria. BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV. The transaction is subject to customary conditions precedent, Vitol said on Thursday.

Exploration and Production in Africa | Prime Oil & Gas Coöperatief U.A. (formerly Petrobras Oil & Gas B.V. ) is a joint venture between Africa Petrobras, Brazil’s state-run oil and gas firm, is pulling the plug on its operations in Nigeria. The company announced on November 7 that it was getting rid of its Nigerian subsidiary as part of a massive divestment program. In a statement Petrobras said that the Nigerian subsidiary, Petrobras Oil & Gas B.V. (POGBV), was being fully sold. prime@pogbv.com +31 88 166 0000. Intranet. Email Disclaimer. This message and any attachments are intended only for the use of the addressee(s).

Petrobras pogbv

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2020-01-14 · Petrobras Finalizes PO&GBV Divestment ENERGY ANALYTICS INSTITUTE (EAI) 14/01/2020 18/01/2020 (Petrobras, 14.Jan.2020) — Petrobras, following up on the release dated 10/31/2018, reports today that it completed the sale – to Petrovida Holding B.V. (Petrovida) – of the 50% equity interest held by Petrobras International Braspetro B.V. (PIBBV) in Petrobras Oil & Gas B.V. (PO&GBV). Petrobras has concluded the sale of its 50 percent stake in Petrobras Oil & Gas BV (POGBV), through which it holds stakes in Nigeria’s Egina and Agbami fields. The Brazil’s state-owned and controlled company which made the disclosure recently said the transaction has “completely closed its operational activities in Africa.” acquire a 50% ownership interest in Petrobras Oil and Gas B.V. for $1.407 billion. BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV. The transaction is subject to customary conditions precedent. POGBV has about 204 million barrels of liquid reserves and is producing some 48,000 barrels per day (bpd), with output expected to rise to nearly 75,000 bpd by 2019, Petrobras said in a statement.

Jan 15, 2020 Petrobras finally out of Africa. Petrobras has concluded the sale of its 50% stake in Petrobras Oil & Gas BV (POGBV), through which it held stakes 

POGBV:s äger indirekt intresseandel i oljelicens 127 för det nigerianska oljefältet Agbami, som drivs av bolag kopplade till bland annat amerikanska Chevron, samt en 16-procentig andel i licens 130 för Egina- och Akpo-fälten, som drivs av bolag kopplade till franska Total. Två av Africa Oils partner avseende ett förvärv av den 50-procentiga andelen i Petrobras Oil and Gas (POGBV) drar sig…. Brazilian oil company Petrobras has initiated the sale of its 100% equity interest in the Nigerian company Petrobras Oil & Gas B.V. (POGBV), a joint venture of Petrobras (50%), BTG Pactual E&P (40%) and Helios Investment Partners (10%).

Petrobras pogbv

20 Nov 2013 Uma decisão de primeira instância condenou a americana Weatherford e a Colúmbia Tecnologia em Petróleo a indenizar a brasileira IPB-GR 

Gas B.V. – POGBV, joint venture formada pela Petrobrás  Dec 7, 2017 In a statement, Petrobras.

“The Company will apply this amount, and any future dividends, in priority towards the repayment of its $250Million POGBV acquisition loan, in order to accelerate the repayment of the loan principal amount”, Africa Oil announced in a release. interest in Prime Oil and Gas B.V. ("POGBV", previously known as Petrobras Oil and Gas B.V.). BTG Pactual E&P B.V. (“BTG”) continue to own the remaining 50% of POGBV. The total payment by AOC to close the Acquisition, including the Nigerian Government's consent fee, amounted to $519.5 million. This includes a deferred payment of Petrobras’ share of production from its Nigerian assets in 2019 was around 34,000 barrels per day Read more Africa Africa Oil Africa oil and gas Brazil oil and gas Nigeria Nigerian government Nigerian oil and gas oil and gas Pactual E&P Petrobras Petroleum POGBV in POGBV. A wholly-owned subsidiary of Petrobras is the Seller. The transaction is subject to customary conditions precedent, including Nigerian government consent.
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Petrobras pogbv

Säljare är Petrobras International Braspetro som behåller de övriga 50  Petrobras som är ägare över delen har sålt tillgångar värda $35 Oil kommer att äga hälften av det konsortium som heter POGBV, vilket i sin  Affären innebär att Africa Oil förvärvar en andel om 50 procent i brasilianska Petrobras Oil and Gas B.V (POGBV).

Feb 4, 2020 The lead-up to the acquisition of Petrobras's 50% share in the joint Petrobras Oil & Gas B.V (POGBV) has been an uphill battle for Africa Oil  Vinson & Elkins advised Africa Oil Corp. in the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. (“POGBV”). BTG Pactual E&P B.V. will  (formerly Petrobras Oil & Gas B.V. ) is a joint venture between Africa Oil Corp and BTG Pactual with activity focused on Exploration and Production of oil and gas in   Jan 14, 2020 a 50% ownership interest in Petrobras Oil and Gas B.V. ("POGBV"). BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV.
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(formerly Petrobras Oil & Gas B.V. ) is a joint venture between Africa Oil Corp and BTG Pactual with activity focused on Exploration and Production of oil and gas in  

The primary assets of POGBV are an indirect 8% interest in Oil Mining Lease (“OML”) 127, which contains the producing Agbami Field, operated by affiliates of Chevron Corporation, and an indirect 16% interest in OML 130, operated by affiliates of TOTAL S.A., which contains the producing Akpo Field and the Egina Field, which is expected to commence production by the end of 2018. POGBV is a joint venture between Petrobras (50%), Banco BTG (40%), and Helios Investment (10%). It holds a 16% stake in Akpo field, an 8% interest in the Agbami field, and interests in the Egina field and Preowei discovery. January 15, 2020.