BW Offshore’s $115 Million Acquisition of Maromba field offshore Brazil


Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga and Tauil & Chequer Advogados (Mayer Brown) advised on the deal

BW Offshore Production do Brasil Ltda., operating as a subsidiary of BW Offshore, signed an agreement to acquire of 100% of the Maromba field offshore Brazil from Petrobras and Chevron.

Petrobras operates the field with a 70% stake, with the remaining 30% held by Chevron.

The closing of the acquisition is subject to board approvals and fulfillment or waiver of conditions precedents and is also subject to approval by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.

The Maromba field is located the Campos Basin, with a water depth of 160m. It is a shallow water heavy oil field close to the producing Peregrino and Papa-Terra fields.

BW Offshore Ltd. develops, owns and operates oil and natural gas floating production, storage, and offloading vessels. The company, led by Carl Krogh Arnet, Knut R Saethre and Marco Beenen in 2018 recorded $828 Million Revenues.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised BW Offshore Production do Brasil Ltda. with Giovani Loss (Picture), Nilton Gomes de Mattos Neto, Flávia Toledo Giambroni and Gabriela Velloso Tavares.

Tauil & Chequer (Mayer Brown) advised Chevron Brasil Petróleo Ltda. with Alexandre R. Chequer, Alexandre Calmon, Eduardo Gaban, Livia Seabra Lima and Fernanda Martino.

Involved fees earner: Fernanda Dalla Valle Martino – LO Baptista Advogados; Nilton Gomes de Mattos Neto – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Giovani Loss – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Flávia Toledo Giambroni – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Alexandre Calmon – Mayer & Brown; Alexandre Chequer – Mayer & Brown; Eduardo Molan Gaban – Mayer & Brown; Livia Seabra de Lima – Mayer & Brown;

Law Firms: LO Baptista Advogados; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mayer & Brown;

Clients: BW Offshore Ltd; Chevron Corporation;