On 18 October 2018, the ANP granted approval for Parnaiba Gas Natural and Parnaiba Participacoes SA to transfer their combined 100% working interest in the PN-T-084 block to parent company Eneva SA.Â  Parnaiba Gas Natural was the operator of the ANP Round 13 block and held 70% working interest and subsidiary company Parnaiba Participacoes SA held 30% working interest.Â  Two working interest transfers between the subsidiary companies took place in 2017.  On 10 May 2017, the ANP granted Parnaiba Gas Natural approval to acquire 70% working interest from subsidiary company Parnaiba Participacoes SA in the PN-T-084 block who will retain a 30% non-operated working interest.Â  Parnaiba Gas Natural and Parnaiba Participacoes SA are subsidiaries of Eneva.Â  Eneva re-structured most of its contracts under the Parnaiba Gas Natural subsidiary in May 2017.  On 10 May 2017, the ANP granted Parnaiba Gas Natural approval to acquire all of the working interest in eight contracts in the Parnaiba Basin from Eneva subsidiary partner BPMB Parnaiba.Â Â  BPMB was a 30% working interest non-operating partner in all of the blocks and production concessions with the exception of the ANP Round 13 PN-T-084 block where it had 70% working interest and was the operator.Â  The operations have been transferred to Parnaiba Gas Natural with the 70% working interest.
Brazil, PN-T-084