The Oil Company Compass Gás e Energia Seeks to Acquire Stake in Petrobras's Gaspetro

The Oil Company Compass Gás e Energia Seeks to Acquire Stake in Petrobras’s Gaspetro

Written by Flavia Marinho

Published on 27/10/2020 at 13:17

Updated on 27/10/2020 at 13:26

A petrolífera Compass Gás e Energia quer comprar fatia da Petrobras na Gaspetro

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Consan Aims to Acquire 51% Stake in Gaspetro. In addition to Petrobras, Gaspetro has the Japanese Mitsui as a shareholder, with a 49% stake.

After announcing a billion-dollar investment in São Paulo to bring pre-salt gas to Baixada Santista, Cosan informed yesterday (10/26) that its subsidiary, Compass Gás e Energia, submitted a proposal in the competitive divestment process promoted by Petrobras.

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The oil company aims to acquire a 51% stake in Petrobras in Gaspetro. In addition to Petrobras, Gaspetro has the Japanese Mitsui as a shareholder, with a 49% stake.

Petrobras began the process of selling its stake in Gaspetro at the end of February, having started the binding phase in July after a delay in mid-March, when the oil company reopened the qualification phase for interested parties.

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The completion of the potential transaction is subject to various factors, including the selection of Compass as the winner of the competitive process, the conclusion of the resulting negotiations, and the signing of the respective purchase and sale agreement for Gaspetro.

The Gaspetro holding company, which has stakes in 19 gas distributors, was responsible for the distribution of 29 million cubic meters of the product daily in various States in 2019, according to Petrobras data.

Pre-Salt Pipelines Will Be Connected to Baixada Santista by Compass Gás e Energia

Company of the Cosan Group, Compass Gás e Energia, will invest with strategic partners, US$ 2 billion (R$ 11.15 billion), in pipelines in the Santos Basin through Rota 4 Participações.

The Rota 4 project is in the licensing phase, and the expectation is that the pipeline will start operating between 2027 and 2028. It takes approximately four years to construct the structures.

With a capacity to transport 21 million cubic meters of natural gas per day, Rota 4 will increase the transportation and production capacity of gas in the pre-salt fields.

The Oil Company Compass Gás e Energia Seeks to Acquire Stake in Petrobras’s Gaspetro

Consan Aims to Acquire 51% Stake in Gaspetro. In addition to Petrobras, Gaspetro has the Japanese Mitsui as a shareholder, with a 49% stake.

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Pre-Salt Pipelines Will Be Connected to Baixada Santista by Compass Gás e Energia

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The Oil Company Compass Gás e Energia Seeks to Acquire Stake in Petrobras’s Gaspetro

Consan Aims to Acquire 51% Stake in Gaspetro. In addition to Petrobras, Gaspetro has the Japanese Mitsui as a shareholder, with a 49% stake.

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Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

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