From Nasdaq:



Enauta, a Brazilian oil company, recently announced the acquisition of a 23% stake in oil fields in the Campos Basin from QatarEnergy Brasil Ltda for a total of $150 million. The transaction includes stakes in the Abalone, Ostra, and Argonauta oil fields, which are part of the Parque das Conchas. A portion of the payment has already been disbursed, and the remaining amount will be paid in three installments pending approval from Brazil’s oil regulator ANP and antitrust watchdog CADE.

The Parque das Conchas is currently operated by Shell, which holds a 50% stake, while the remaining 27% is owned by the Indian company ONGC. This acquisition represents a strategic move by Enauta to strengthen its position in the Brazilian oil industry and expand its portfolio. The news comes as Enauta continues to pursue growth opportunities amidst a rapidly evolving energy landscape.

The company’s acquisition of the stake in the Campos Basin oil fields underscores its commitment to expanding its presence in the energy sector and solidifying its position as a key player in the industry. The deal is subject to regulatory approval, but it is expected to have a significant impact on Enauta’s operations and future growth prospects.



Read more: Enauta acquires 23% stake in Campos Basin oil fields for $150 mln