Fossil Energy – Brazil
Brazilian oil company Enauta Participacoes said on Wednesday it has signed an exclusivity agreement to negotiate the sale of a 50% stake in the Atlanta oilfield to Australia’s Karoon Energy.
Enauta said in a securities filing it has received a non-binding offer from Karoon for the asset, which is located on the Santos basin.
The agreement ensures an exclusivity period through May 31 for due diligence and confidential talks, it added.
Enauta also noted it was already looking for new partners to develop the Atlanta oilfield. “The offer and agreement are in line with such strategy,” it said.