PetroRio S.A.’s Acquisition of BrasOil do Brasil Exploração Petrolífera S.A.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga, Chediak Advogados, Cleary Gottlieb Steen & Hamilton and Veirano have advised on the deal

The Special Shareholders’ Meeting of PetroRio approved the acquisition of 100% of the voting capital of Brasoil do Brasil Exploração Petrolífera S.A. by a subsidiary of PetroRio.

Brasoil is a holding company, with indirect stake of 10% over the rights and obligations of the Manati Field concession contract, that, in turn, currently produces 4.3 million cubic metres of natural gas per day (approximately 27 thousand barrels of oil equivalent per day), ranking as the 8th largest producing field of natural gas in Brazil(*).

Additionally to the stake in the Manati Field, other relevant assets from Brasoil include the indirect stake of 100% in the concessions of the Pirapema Field – gas asset currently in development – and of Block FZA-M-254, both in the mouth of the Amazon River.

The closing of this sale and purchase transaction is subject to certain conditions precedent set forth in the applicable agreements.

The execution of this agreement is aligned with the Company’s business model and acquisition growth strategy, also representing a diversification of its portfolio of revenue generating assets.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga has advised PetroRio S.A. with Giovani Loss and Felipe Feres.

Chediak Advogados has advised FIP Brascan with Julian Chediak and Mônica Tavares Bussière.

Cleary Gottlieb Steen & Hamilton has advised Goldman Sachs & Co. with Juan Giráldez (Picture) Meyer Fedida, Daniela Ríos and Andrea Lavourinha.

Veirano has advised BrasOil do Brasil Exploração Petrolífera S.A. with Lior Pinsly, Luis Fernando Pacheco, Beatriz Rocha and Amaury de Souza Prado Neto.

 

Involved fees earner: Julian Fonseca Peña Chediak – Chediak Advogados; Mônica Maria Mendes Tavares Bussière – Chediak Advogados; Giovani Loss – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Felipe Rodrigues Caldas Feres – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Giovani Ribeiro Loss – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Lior Pinsky – Veirano Advogados; Beatriz Rodrigues Alves Rocha – Veirano Advogados; Amaury de Souza Prado Neto – Veirano Advogados; Luis Fernando Pacheco – Veirano Advogados; Juan Giráldez – Cleary Gottlieb Steen & Hamilton; Daniela Rios – Cleary Gottlieb Steen & Hamilton; Andrea Lavourinha – Cleary Gottlieb Steen & Hamilton; Meyer Fedida – Cleary Gottlieb Steen & Hamilton;

Law Firms: Chediak Advogados; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Veirano Advogados; Cleary Gottlieb Steen & Hamilton;

Clients: Goldman, Sachs & Co.; PetroRio SA; FIP Brascan; BrasOil do Brasil Exploração Petrolífera S.A.;

 

Avatar

Author: Ambrogio Visconti.