Petrobras Announces Sale of the Pampo & Enchova Poles

Source: www.gulfoilandgas.com 7/19/2019, Location: South America

Petrobras informs that the company Trident Energy presented the best final offer in a competitive process for the acquisition of the totality of the company's stake in the Pampo and Enchova poles, located in the Campos Basin. The price offered by the poles is around US $ 1 billion, considering firm and contingent payments. The transaction is in final stages of approval by Petrobras' competent bodies.

Subsequent phases of the project will be disclosed to the market in accordance with Petrobras' Disinvestment System. This operation is aligned with the optimization of the portfolio and the improvement of the capital allocation of the company, aiming at the generation of value for the shareholders.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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