07 July 2025
07 July 2025
The move comes four years after the project was halted due to a militant insurgency in the region.
The LNG will be sourced from Santos’ portfolio and delivered on an ex-ship basis.
Petro-Victory Energy will become a wholly-owned subsidiary of ATE following a strategic acquisition.
Well tests have indicated a production potential of 180,000m³ of natural gas and 25m³ of condensate per day.
The Polo Bahia Terra is known for its comparatively high production costs compared to the prolific pre-salt deepwater fields.
This latest issuance brings the total aggregate amount of senior secured notes issued by VGPL to $6.5bn.
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