Enauta to acquire a 23% stake in Parque das Conchas from QatarEnergy for $150m.

Enauta, an oil and natural gas products exploration company, agreed to acquire a 23% stake in Parque das Conchas, an oil field, from QatarEnergy, a state owned public company specializing in all aspects of petroleum and natural gas exploration and production, for $150m. Parque das Conchas has competitive lifting and development cost, shares quality and logistics properties with Atlanta’s cluster oil trading. It also employs equivalent subsea production technologies and offers potential synergies with Enauta’s planned expansion campaign for the coming years.