On 27 December 2019, Petrobras issued a press release indicating it closed the sale with Petronas for 50% non-operated working interest in the BM-C-036 contract, Tartaruga Verde production concession and the Espadarte production concession Module III.    Petronas made a final payment      of USD 691.9 million as the balance of the total transaction amount of USD      950.6 million. A      preliminary payment of USD 258.7 million was paid on contract signature      date of 25 April 2019. The total transaction amount was lowered due to      adjustments from the originally reported USD 1.293 billion.  The ANP also announced on 27      December 2019 that it approved of the working interest transfer from      Petrobras to Petronas.  Petrobras remains the operator of      both contracts with 50% working interest and Petronas holds a 50%      non-operated working interest.    On 25 April 2019, Petrobras issued a press release indicating it signed a sales and purchase agreement with Petronas for 50% non-operated working interest in the BM-C-036 contract, Tartaruga Verde production concession and the Espadarte production concession Module III. The transaction is pending formal ANP and CADE approvals. The terms of the deal were reported to be a total consideration of USD 1,293.5 million to be paid in two installments. A payment of USD 258.7 million was paid on contract signature date of 25 April 2019.There will be a USD 1,034.8 million payment made on closing date with adjustments.    On 3 April 2018, Petrobras published on its website the teasers for the sale of 50% non-operated working interest in the BM-C-036 contract, Tartaruga Verde production concession and the southwestern portion of the Espadarte production concession that it has denominated Module III.             Tartaruga   Verde Fields - General Summary Production and Reserves             Basin            Field            Oil Prod bo/d 02/2019            Gas Prod mcfg/d 02/2019            Water Prod bw/d 02/2019            Wells            VOIP_MMbbl 12/31/2018            cumulative Oil Prod MMbbl   12/31/2018            Percent Recovery %            VGIP_MMm3 12/31/2018            cumulative Gas Prod   MMm3 12/31/2018            Percent Recovery %             Campos            Tartaruga Verde            92,978.05            38,901.46            6,713.38            9            1071.35            25.47            2.38%            11306.48            279.19            2.47%             Campos            Tartaruga Verde   Sudoeste            11,933.74            4,503.02            2,929.42            3                                  Â          Totals            104,911.79            46,978.93            25,581.43            18            1,071.35            25.47            2.38%            11,306.48            279.19            2.47%             Source:   IHS Markit            Â             Â             Â             Â             Â             Â             Â             Â             Â             Â©   2019 IHS Markit
On 27 December 2019, Petrobras issued a press release indicating it closed the sale with Petronas for 50% non-operated working interest in the BM-C-036 contract, Tartaruga Verde production concession and the Espadarte production concession Module III. Petronas made a final payment of USD 691.9 million as the balance of the total transaction amount of USD 950.6 million.