Ouro Preto announces the acquisition of EP Energy do Brasil and EP Energy Pescada

abarrelfullabarrelfull wrote on 05 Aug 2015 08:53

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Ouro Preto Óleo e Gás S.A. (“Ouro Preto or Company”), continuing its growth strategy in the oil and gas industry, announces the acquisition of EP Energy do Brasil and EP Energy Pescada, which own assets in the Camamu - Almada, Potiguar and Espírito Santos Basins.

With this acquisition, Ouro Preto adds to its exploratory portfolio, which comprise the blocks acquired in the 11th and 12th Bidding Rounds of ANP concessions which are already in production, in partnership with Petrobras, in the Camarupim fields (24.32 %), Espirito Santo Basin, and in the Pescada/Arabaiana Complex (35 %), Potiguar Basin.

After the acquisition, the companies come to be called of OP Energia (formerly EP Energy do Brasil) and OP Pescada (formerly EP Energy Pescada).

According to Rodolfo Landim, CEO of Ouro Preto, "The acquisition of these assets is an important step towards the establishment of the Company as a major player in E&P in Brasil.”

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