WAO agrees to deal with Enauta for shares in two fields offshore Brazil

March 25, 2024

Enauta Participações has signed an agreement under which affiliates of Houston-based Westlawn Americas Offshore (WAO) will acquire a 20% interest in the BS-4 concession offshore Brazil for $301.7 million.

Related To: Enauta

Offshore staff

RIO DE JANEIRO, Brazil — Enauta Participações has signed an agreement under which affiliates of Houston-based Westlawn Americas Offshore (WAO) will acquire a 20% interest in the BS-4 concession offshore Brazil for $301.7 million.

This includes the Atlanta and Oliva fields. WAO is a portfolio company of Westlawn Group and has various interests of its own in the Gulf of Mexico.

Enauta said it had been approached by several potential partners interested in joining the ongoing Atlanta development project.

Closing of the deal is subject to approval from investors at the 1st and 2nd series of Enauta domestic bonds and Brazil’s National Agency of Petroleum, Natural Gas and Biofuels.

03.25.2024