You are here
ANP approves Rosneft operatorship at Solimoes project onshore Brazil

Under the agreement the completion of the purchase and transaction between HRTO&G and Rosneft Brasil shall occur up to 30 days after the regulatory approval.
The transaction will lead to Rosneft Brasil to receiving 51 per cent control and taking over the operatorship in the joint venture in the Solimoes basin.
The parties will continue exploration activities with respect to Solimoes project. Moreover Rosneft will acquire four heli-transportable rigs from HRT O&G.
The relevant transaction amounts to USD 96m.
The Solimoes project establishes Rosneft in Brazil, a country with major upstream growth opportunities and synergies with Rosneft operations in Venezuela.
Rosneft, HRT and Petrobras also agreed to study the possibility of gas monetisation in the basin.
Got a news tip? Email news@oilandgastechnology.net