Rosneft paid $55 million for the remaining shares in the Brazilian company that includes 16 licensed fields of around 41,500 square kilometers. The fields hold 11 open oil sites and according to D&M assessments, contain around 717 million barrels of C3 oil equivalents, 95 percent of which consists of natural gas.
The deal will be finalized after receiving confirmation from Brazil’s Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis, which is expected in mid-2015.
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