Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 24, 2015 1:53 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Barra Energia do Brasil Petróleo e Gás Ltda.

Company Overview

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

Brazil

Founded in 2010

Phone:

55 21 3037 2772

Key Executives for Barra Energia do Brasil Petróleo e Gás Ltda.

Chief Executive Officer and Non-Executive Director
Age: 60
Executive Chairman
Chief Financial Officer
Age: 57
Vice President of Business Development
Controller
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

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

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.

Similar Private Companies By Industry

Company Name Region
Pacific Brasil Exploração e Produção de Óleo e Gás Ltda. Americas
LPG International Inc. Americas
Petrogal Brasil SA Americas
BP Energy do Brasil Ltda. Americas
Bioenergetica Aroeira S.A. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Barra Energia do Brasil Petróleo e Gás Ltda., please visit www.barraenergia.com.br. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.