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    Home > Chemicals Industry > International Chemical > Petrobras launches asset sale program in Africa

    Petrobras launches asset sale program in Africa

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Petrobras, the national oil company of Brazil, said a 100% stake in its African subsidiary, Petrobras Oil & Gas B.
    V.
    , will begin to enter the binding stage
    .

    Petrobras Oil & Gas B.
    V.
    is a joint venture between Petrobras and BTG Pactual E&P B.
    V.
    and Helios Investment Partners, with a 50%, 40% and 10%
    stake, respectively.

    Also known as Petrobras Africa, the subsidiary is involved in two deepwater oil exploration blocks offshore Nigeria containing the Akpo and Agbami producing fields, operated by Total and Chevron respectively
    .

    At this stage, Petrobras will guide interested investors on how to conduct due diligence and make binding recommendations
    .

    According to the plan, Petrobras will reduce debt and restore financial health
    by selling assets from 2015 to 2018.
    Since 2015, Petrobras has completed more than $13.
    6 billion in asset sales
    .
    By the end of 2018, the company plans to sell another $21 billion in assets, accumulating $35 billion in asset liquidation
    .

    Petrobras, the national oil company of Brazil, said a 100% stake in its African subsidiary, Petrobras Oil & Gas B.
    V.
    , will begin to enter the binding stage
    .

    Petrobras

    Petrobras Oil & Gas B.
    V.
    is a joint venture between Petrobras and BTG Pactual E&P B.
    V.
    and Helios Investment Partners, with a 50%, 40% and 10%
    stake, respectively.

    Also known as Petrobras Africa, the subsidiary is involved in two deepwater oil exploration blocks offshore Nigeria containing the Akpo and Agbami producing fields, operated by Total and Chevron respectively
    .

    At this stage, Petrobras will guide interested investors on how to conduct due diligence and make binding recommendations
    .

    According to the plan, Petrobras will reduce debt and restore financial health
    by selling assets from 2015 to 2018.
    Since 2015, Petrobras has completed more than $13.
    6 billion in asset sales
    .
    By the end of 2018, the company plans to sell another $21 billion in assets, accumulating $35 billion in asset liquidation
    .

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