Seacrest Exploracao completed the acquisition of Norte Capixaba Cluster production fields from Petrobras for $544m.

Seacrest Exploracao, a closed capital company, completed the acquisition of Norte Capixaba Cluster production fields from Petrobras, a corporation specializing in the petroleum industry, for $544m. “The completion of the Norte Capixaba acquisition is transformative for Seacrest Petroleo. We are now looking forward to executing on our strategy of profitable growth through a combination of low risk well activities and operational efficiencies in order to move towards a dividend paying position by the end of next year,” Michael Stewart, Seacrest Petroleo CEO.