According to the company's expectations, the goal is for the transaction to be completed in the second quarter of this year. Thus, BW Energy will become the operator of Petrobras' Golfinho and Camarupim fields.

BW Energy expects the acquisition of the Golfinho and Camarupim oil fields from Petrobras to be completed in the second quarter of 2023, following a delay in the transaction. With the acquisition, she seeks to expand its presence in the Brazilian market production of oil and gas, in addition to consolidating its position as an important company in the sector. The transaction is part of Petrobras' strategy to sell assets in the national sector.

Transaction for the sale of the Golfinho and Camarupim fields, from Petrobras to BW Energy, may be finalized in the second quarter of 2023

BW Energy expects the closing of the acquisition of the Golfinho and Camarupim oil fields, from Petrobras, to occur in the second quarter of 2023, after a delay in the transaction.

The company announced the acquisition of the fields in June 2022, but the completion of the transaction was delayed due to regulatory issues.

With the completion of the transaction, in addition to acquiring the oil company's fields, it will also acquire approximately 65% ​​of WI in block BM-ES-23 offshore Brazil from Petrobras. Thus, it will become the operator of all these areas.

The Golfinho and Camarupim fields are located off the coast of the state of Espírito Santo, in Brazil, and have an average combined production of around 13 barrels of oil per day.

The companies expected that the transaction would be completed in the first quarter of this year, but due to regulatory processes, it has not yet been completed. Now, with the new updates, BW Energy hopes to finalize the acquisition of the Petrobras fields in the second quarter of this year.

“BW Energy was informed today that work related to the Golfinho transactions may be restarted”, said the company, regarding the resumption of negotiations for the purchase of the fields.

The company's statement reinforces its interest in acquiring the assets of the Brazilian state-owned company, in addition to taking over Saipem's FPSO Cidade de Vitória. Thus, the negotiations will continue, and new details should be announced soon to the market.

Purchase of BW Energy's Golfinho and Camarupim fields reinforces the company's interest in the Brazilian market

The acquisition of the Golfinho and Camarupim fields by BW Energy is an important step for the company, which seeks to expand its presence in the Brazilian oil and gas production market.

The company is focused on an organic and inorganic growth strategy, seeking to acquire new assets to expand its production base.

This transaction is also part of Petrobras' strategy to sell assets to reduce its debt and focus its efforts on deepwater oil production assets.

The Brazilian company has been looking to sell several assets in recent years, including oil fields and pipelines, to reduce its debt and increase its profitability.

With the completion of the acquisition of the Golfinho and Camarupim fields by BW Energy, the multinational company and Petrobras will be greatly benefited in the oil and natural gas sector.