Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petróleo Brasileiro S.A. - Petrobras    PETR4   BRPETRACNPR6

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Petróleo Brasileiro S A Petrobras : Petrobras concludes the sale of Pargo, Carapeba and Vermelho fields

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/08/2019 | 08:41pm EST

Petrobras concludes the sale of Pargo, Carapeba and Vermelho fields

-

Rio de Janeiro, October 8, 2019 - Petróleo Brasileiro SA - Petrobras, following up on the release of 11/28/2018, reports that today it completed the sale of its interests in Pargo, Carapeba and Vermelho fields, located in shallow waters off the coast of the State of Rio de Janeiro, to Perenco Petróleo e Gás do Brasil Ltda ("Perenco").

After all precedent conditions had been met, the operation was completed with the payment of about US$ 324 million to Petrobras, including the adjustments provided for in the contract. This value adds to the amount of US$ 74 million paid to Petrobras upon signing of the contract.

This transaction is in line with the company's portfolio optimization and improvement of capital allocation, aiming at generating value for our shareholders.

About the assets

The Pargo field was discovered in 1975, and Carapeba and Vermelho fields in 1982, and its production began in 1988. These concessions were granted to Petrobras in 1998 in the so-called Round Zero biddings. The production system of these fields is integrated and comprises seven fixed jacket type platforms. With the closing of the transaction, Perenco becomes the operator of the fields.

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br Av. República do Chile, 65 - 1002 - 20031-912 - Rio de Janeiro, RJ. Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.

Disclaimer

PETROBRAS - Petróleo Brasileiro SA published this content on 08 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 October 2019 00:40:04 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PETRÓLEO BRASILEIRO S.A. -
11/12BRICS summit marks recovery of China-Brazil relations
RE
11/12PETRÓLEO BRASILEIRO S.A. - PETROBRAS : Ex-dividend day for
FA
11/11PETRÓLEO BRASILEIRO S A PETROBRAS : Brazil's Petrobras delists shares on Argenti..
RE
11/11ECB Group hires UBS, Barclays as financial advisors for large HVO plant
RE
11/09EXCLUSIVE : Failed Exxon talks left Petrobras stranded for auctions - sources
RE
11/09PETROLEO BRASILEIRO PETROBRAS : Lula warns Brazil's president he's ready to resu..
AQ
11/08PETROLEO BRASILEIRO PETROBRAS : Brazil's Lula released from prison following Sup..
AQ
11/08Shell's Brazil chief says makes more sense to look for exploration areas
RE
11/07PETRÓLEO BRASILEIRO S A PETROBRAS : Big oil stuns Brazil in back-to-back auction..
RE
11/07Brazil Oil Auction Ends in Disappointment
DJ
More news
Financials (BRL)
Sales 2019 311 B
EBIT 2019 85 768 M
Net income 2019 45 305 M
Debt 2019 309 B
Yield 2019 2,92%
P/E ratio 2019 9,17x
P/E ratio 2020 10,8x
EV / Sales2019 2,31x
EV / Sales2020 2,00x
Capitalization 409 B
Chart PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Duration : Period :
Petróleo Brasileiro S.A. - Petrobras Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PETRÓLEO BRASILEIRO S.A. -
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 35,59  BRL
Last Close Price 29,90  BRL
Spread / Highest target 37,1%
Spread / Average Target 19,0%
Spread / Lowest Target 7,02%
EPS Revisions
Managers
NameTitle
Roberto da Cunha Castello Branco Chief Executive Officer & Director
Eduardo Bacellar Leal Ferreira Chairman
Andrea Marques De Almeida Chief Financial & Investor Relations Officer
Rudimar Andreis Lorenzatto Chief Technology & Production Development Officer
Marcelo Filho Director
Sector and Competitors
1st jan.Capitalization (M$)
PETRÓLEO BRASILEIRO S.A. - PETROBRAS33.07%100 374
ROYAL DUTCH SHELL6.43%238 015
PETROCHINA COMPANY LIMITED-22.36%146 081
TOTAL6.99%141 876
GAZPROM PAO--.--%92 362
PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY15.28%74 611