Karoon’s $665 Million Acquisition of Petrobras’ Bauna field


Tauil & Chequer (Mayer Brown) and Machado Meyer advised on the deal

In 2016, Petrobras started a non-binding phase for the sale of its entire stake in the Bauna field, located in shallow waters in the Santos Basin and entered in exclusive talks Australia’s Karoon.

Karoon presented the high bid in the process to acquire a 100% operating interest in Santos Basin off-shore Brazil concession BM-S-40, which contains the producing Bauna light oil project.

Karoon Energy Ltd operates as a oil and gas exploration company. The Company, led by Peter Turnbull, Scott Hosking and Edward Munks focuses on exploration services, as well as petroleum Systems solutions.

Tauil & Chequer (Mayer Brown) advised Karoon with Alexandre Bittencourt Calmon (Picture), Guido Vinci, Paulo de Bessa, Thais Rodrigues, Tiago do Monte Macêdo, André Lemos, Marcelo Frazão, Patrícia Pereira Winter, Luciana Pereira and Niandra Soares.

Machado Meyer advised Petróleo Brasileiro S.A. with Daniel Szyfman, Elie Sherique, Arthur Bardawil Penteado, Gisela Ferreira Mation y Mariana Meditsch. Abogados Fernando Fernandes Xavier, Leonardo Dos Santos Sousa Duarte and Raphael Barboza Correia.

Involved fees earner: Raphael Barboza Correia – Machado Meyer Advogados; Arthur Bardawil Penteado – Machado Meyer Advogados; Gisela Ferreira Mation – Machado Meyer Advogados; Mariana Meditsch – Machado Meyer Advogados; Elie Sherique – Machado Meyer Advogados; Daniel Szyfman – Machado Meyer Advogados; Fernando Xavier – Machado Meyer Advogados; Thais Bandeira de Mello Rodrigues – Mayer & Brown; Alexandre Calmon – Mayer & Brown; Paulo de Bessa Antunes – Mayer & Brown; Tiago do Monte Macêdo – Mayer & Brown; Marcelo Frazão Rodrigues – Mayer & Brown; André Lemos – Mayer & Brown; Niandra Soares – Mayer & Brown; Luciana Vianna Pereira – Mayer & Brown; Guido Vinci – Mayer & Brown;

Law Firms: Machado Meyer Advogados; Mayer & Brown;

Clients: Karoon Energy Ltd ; Petrobras;

Author: Ambrogio Visconti.