{"id":43527,"date":"2012-12-27T15:15:00","date_gmt":"2012-12-27T17:15:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/vale-sells-oil-and-gas-concession\/"},"modified":"2024-02-21T22:27:51","modified_gmt":"2024-02-22T01:27:51","slug":"vale-sells-oil-and-gas-concession","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/vale-sells-oil-and-gas-concession\/","title":{"rendered":"Vale sells oil and gas concession"},"content":{"rendered":"<p>S\u00e3o Paulo &#8211; Vale has signed an agreement selling its 25% share in the BM-ES-22A concession for exploration of gas in Esp\u00edrito Santo Basin. The deal, disclosed on Wednesday (26), was with Statoil Brasil \u00d3leo e G\u00e1s Ltda (Statoil), from Norway, and was for US$ 40 million. According to figures disclosed by the company, the sale exempts the company from investing around US$ 80 million in the project by late 2013. <\/p>\n<p> Justifying the operation, Vale stated that its growth strategy and creation of sustainable value covers many options, one of the most important being the management of a portfolio to optimize allocation of capital and concentration of efforts in management.<\/p>\n<p> <b>*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company transferred its 25% share in exploration of a bloc in Esp\u00edrito Santo to Statoil.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-43527","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The company transferred its 25% share in exploration of a bloc in Esp\u00edrito Santo to Statoil.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/43527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=43527"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/43527\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=43527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=43527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=43527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}