Petrobras launches sale of upstream assets in Brazil
Brazil's Petrobrashas started the sale of two operating shallow-water offshore gas fields and a deepwater oil exploration concession in the Espírito Santo Basin.
The transaction involves the sale of 100% stakes in Peroá and Cangoá gas fields and 88.9 % stake in Malombe oil exploration.
The divestments are part of the company's efforts to optimize its portfolio and improve capital allocation.
The state-owned energy company now enters the binding stage of the sale process. Details of the sales process, as well as guidelines for due diligence and binding proposals will be sent accordingly to the potential interested buyers who have qualified to take part in the binding phase.
Country updates
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August 22, 2019
Siemens Gamesa's turbines to power 94 MW Arizona and Honorato wind farms in Brazil
Siemens Gamesa has signed a contract with Brennand Investimentos to supply 27 SG 3.4-132 wind turbines for the Arizona and Honorato wind farms in Sento Sé, Bahia, with an installed capacity of...
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August 21, 2019
BNDES signs agreement with Brazil for the sale of Companhia Energetica de Brasilia
The Federal District Government (GDF) took the first step towards the privatization of Companhia Energética de Brasília (CEB) by signing today (13) the agreement to sell 51% of the share...
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August 19, 2019
EDP Renováveis to sell its 137 MW Babilonia wind farm in Brazil
Energias de Portugal SA has announced the agreement to sell the 137 MW Babilonia onshore wind farm in the Brazilian state of Bahia to an affiliate of private equity investor Actis, for a total conside...
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August 15, 2019
Eletrobras divests stakes in 843 MW Brazillian wind assets
Eletrobras is set to divest equity interests in 843.33 MW of wind power assets and 586 km of transmission lines. The purpose of the transaction is to complete the disposal of the remaining equity int...
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August 09, 2019
Brazil approves Sao Francisco River Integration Project under Investment Partnership Program (PPI)
The Government of Brazil through the Ministry of Mines and Energy has approved the development of Sao Francisco River Integration Project (PISF) under the Investment Partnership Program (PPI...
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