Petrobras Concludes Divestment of Bahia Terra Cluster

Estimated read time 1 min read

(Petrobras, 4.May.2022) — Petrobras, regarding the news published in the media, informs that it has concluded the new round of the sale process binding phase of the onshore production fields located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster.

The consortium formed by PetroRecôncavo S.A. (60%) and Eneva S.A. (40%) submitted the best proposal, worth more than US$1.4bn, considering firm and contingent payments, and was invited to the negotiation phase. The signing of the purchase and sale agreement is still subject to the conclusion of negotiations and the approval of Petrobras’ competent bodies.

Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management and informs that the subsequent stages of the project will be disclosed in a timely manner.

____________________

ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

You May Also Like

More From Author