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Petrobras advances on divestment of Nigerian oil blocks

Petrobras Advances On Divestment Of Nigerian Oil Blocks

At this stage of the project, stakeholders who have signed the Confidentiality Agreement (“CA”) will receive a descriptive memorandum containing more detailed information about POGBV and will have access to the virtual data room, besides instructions about the divestment process, including guidelines for the preparation and submission of non-binding proposals.

In addition, the company reports that the deadline for signing the CAs provided in the opportunity discloser (Teaser) to access the technical, legal and financial information related to the divestment process will be December 22, 2017.

Thus, the access to the information related to POGBV will be granted for a minimum period of 30 days to all interested parties who have signed the CA.

The disclosure to the market herein is in compliance with Petrobras’ divestment methodology and is aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de Contas da União).

Source: Press Release

The post Petrobras advances on divestment of Nigerian Oil Blocks appeared first on Energy News | Oil and Gas News.

This post first appeared on Energy Mix Report, please read the originial post: here

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Petrobras advances on divestment of Nigerian oil blocks


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