Oil, Gas and Consumable Fuels
Company Overview of Barra Energia do Brasil Petróleo e Gás Ltda.
Barra Energia do Brasil Petróleo e Gás Ltda. engages in the exploration, development, and production of oil and gas in Brazil. It primarily focuses on petroleum exploration and production in the Brazilian sedimentary basins. The company was founded in 2010 and is based in Rio de Janeiro, Brazil.
Av.Embaixador Abelardo Bueno
199/203 - Barra da Tijuca
Office Park Center
Rio de Janeiro, RJ 22775-040
Founded in 2010
Key Executives for Barra Energia do Brasil Petróleo e Gás Ltda.
Chief Executive Officer and Non-Executive Director
Vice President of Business Development
Compensation as of Fiscal Year 2014.
Barra Energia do Brasil Petróleo e Gás Ltda. Key Developments
QGEP and Barra Energia Reportedly in Talks to Acquire BS-4 block; QGEP Denies Its Interest
Feb 11 14
Qgep Participacoes S.A. (BOVESPA:QGEP3) and Barra Energia do Brasil Petróleo e Gás Ltda. are reportedly planning to acquire 40% stake in Block BS-4 in Santos Basin from Oleo e Gas Participacoes SA (BOVESPA:OGXP3). QGEP said it is not interested in raising its stake in the BS-4 block. It also stated that it is unaware of the interest of Barra Energia in BS-4 block. OGX has not revealed any plans on a stake sale. QGEP and Barra Energia holds 30% each in BS-4 block.
Barra Energia Suspends Talks To Sell Itself
Jun 14 13
Barra Energia do Brasil Petróleo e Gás Ltda. has suspended talks to sell itself, Chief Executive Joao Carlos de Luca said. "We're going to continue our exploration campaign,"De Luca said. "We have positive expectations that we'll be able to capture more upside from the important wells we plan to drill this year." China National Petroleum Corporation was in talks to buy Barra Energia in a deal valued at about $2 billion, a banker with knowledge of the transaction said in May. Driving the decision to take the firm off the sale block was a shift in the outlook for Brazil's oil and natural-gas industry, De Luca said. "The business environment has improved greatly now since the success of the [auction] in May, with many companies bidding, and the coming presalt auction. Whoever has assets in the presalt today is certainly going to be more valuable in the future. All possibilities are open, everything is being considered," De Luca said, adding that Barra Energia is also watching the market for any opportunities to buy up areas for sale by other oil companies.
China National Reportedly In Talks To Acquire Barra Energia
May 8 13
China National Petroleum Corporation is in talks to acquire Barra Energia do Brasil Petróleo e Gás Ltda. for about $2 billion, people with knowledge of the matter said. The deal could be reached as soon as May 2013. “It looks like CNPC can gain access to one of the largest offshore reserves in the world through the deal, and build a foundation for long-term development in South America,” said Shi Yan, an analyst at UOB-Kay Hian Ltd. in Shanghai. “Buying up assets from South America has long been part of CNPC’s global strategy to build up exploration and refining portfolios in different continents.”
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