BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 6.Mar.2025) — Brava Energia‘s Board of Directors has defined the scope of the possible divestment of the company’s onshore and shallow water assets, which will be limited to fields located in the state of Bahia.
Brava remains in negotiations and in the due diligence phase with the selected bidders, with the expectation of receiving binding proposals throughout Apr. 2025, the Brazilian company announced 6 Mar. 2025
Brava has already taken actions to optimize its portfolio. In early-Feb. 2025, the company signed a contract to divest its 11 concessions in Rio Grande do Norte. The divestments come as the company aims to concentrate its efforts on projects with higher profitability and scale, which present efficient logistical integration and access to the international market, the company said.
RELATED: Brava Energia Inks Deal with Consortium to Divest 11 Concessions in Rio Grande do Norte
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By Aaron Simonsky reporting from Belize City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
