Petrobras Sells Colombian Business to Perenco for $380 Mln

Brazil’s state-run oil corporation Petrobras has sold its Colombian subsidiary Petrobras Colombia Limited (PEC) to Perenco for US$ 380 million.

The Petrobras Colombia assets involved in the transaction include interests in 11 onshore exploration and production blocks with net average production of 6,530 boed (barrels of oil equivalent per day), besides the Colombia and Alto Magdalena oil pipelines, with a carry capacity of 14,950 bpd (barrels per day) and 9,180 bpd, respectively.

In a statement issued late Friday the company said it would continue Petrobras will continue to run its offshore exploratory blocks in Colombia, as well as its distribution business, and press ahead with its single-block onshore exploratory operation. 

“This deal represents another important step in Petrobras’ Divestment Program (Prodesin), part of the 2013-2017 Business and Management Plan,” said the company in a release.

September 17, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply