Πεμ, 26 Δεκεμβρίου 2013 - 12:59
Brazilian oil regulators have approved BP Plc's (BP, BP.LN) sale of a 60% stake in the Polvo offshore oil field to HRT Participacoes em Petroleo SA (HRTP3.BR), HRT said in a regulatory filing Tuesday.
Completion of the $135 million deal comes at a critical time for HRT, transforming the firm from an exploration company into a crude-oil producer. HRT has seen its shares crater amid a series of management shakeups and exploration failures in Namibia. Polvo produces about 13,000 barrels of heavy crude oil per day that should produce a steady stream of revenue for HRT