Brazil's Barra to study buying Petrobras asset sold to Statoil

Riverstone Holdings

29/07/2016 16:19

RIO DE JANEIRO, July 29 (Reuters) - Brazil's Barra Energia 
do Brasil Petróleo e Gás, which owns 10 percent of the giant 
Carcara offshore oil prospect, will study invoking its right of 
first refusal over Petrobras' sale of its 66 percent stake in 
the area to Norway's Statoil, a source with direct knowledge of 
the situation told Reuters on Friday. 
    Earlier on Friday Petroleo Brasileiro SA  PETR4.SA , as 
Petrobras is known, said it agreed to sell its stake in the 
BM-S-8 license block, home to Carcara, to Statoil for $2.5 
billion. Barra is part owned by two U.S. investment funds 
Riverstone Holdings LLC  RVHL.SI  and First Reserve Corp. 
 
 (Reporting by Marta Nogueira; Writing by Jeb Blount; Editing by 
W Simon) 
 ((Jeb.Blount@thomsonreuters.com; +55-21-2223-7143; Reuters 
Messaging: jeb.blount.thomsonreuters.com@reuters.net)) 
 
Keywords: STATOIL PETROBRAS/BARRA ENERGIA