Brava Energia, formed recently from the merger between Enauta and 3R Petroleum, has completed the farm-out of 20% of the BS-4 concession offshore Brazil to Houston-based Westlawn Americas Offshore LLC.
The concession includes the Atlanta and Oliva fields. The transaction concluded following the receipt of a further $234 million, on top of the upfront $75 million installment paid by Westlawn in March.
According to Brava Energia, Westlawn’s experienced management team will be beneficial to the next phases of Atlanta’s development.
