Reporting by Gabriel Araujo/Reuters
SAO PAULO
EnergiesNet.com 01 03 2022
Brazilian oil company Enauta Participacoes SA (ENAT3.SA) said on Monday it will no longer sell its stake in the Manati oilfield, adding that conditions for the conclusion of a previously announced deal with Gas Bridge SA have not been met.
«The deal was subject to a series of commercial and regulatory conditions that should have been fulfilled by Dec. 31. With the expiration of the deadline, the company opted not to extend it … and decided to keep this important asset in its portfolio,» Enauta said in a securities filing.
Editing by Kevin Liffey from Reuters
reuters.com 01 03 2022