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The oil companies Karoon and the Brazilian PetroRio confirmed their interest in acquiring Petrobras assets, amid the pandemic and the oil crisis. The Brazilian oil company set a record and exported 1 million barrels in April, Check out the complete report by clicking here.
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The oil companies have publicly announced that they are still interested in closing deals, priced before the crisis, at a time when assets were more valued.
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Petrobras has nine signed contracts that need to be finalized. In all, the operations add up to a value of US$2,75 billion, of which the state-owned company has already received US$159,5 million.
Of the nine, eight transactions involve exploration and production (E&P) assets, which are sensitive to oil prices.
If the sale of 30 percent of the Frade field (Campos Basin) to PetroRio and the Baúna field (Santos Basin) to Karoon is completed, Petrobras will receive US$707,5 million.
Despite the Australian having announced last week a series of measures to cut costs due to the global crisis caused by the new coronavirus, the company “remains committed to working to complete the acquisition of Baúna”.
For Karoon, the asset is of “high quality”, with the potential to add value to the company's shareholders. However, according to the oil company, the conclusion of the deal depends on the authorization of the competent bodies – the National Petroleum Agency (ANP) and Ibama – and which is still negotiating the final terms of financing with the banks, on oil prices that will determine the final value. of the loan.
The contract signed between There is and Petrobras referring to the purchase of the asset was worth US$665 million, of which the Australian company has already paid US$50 million.
The 30 percent of the Frade field belonging to Petrobras will cost PetroRio US$100 million.
Divestments by Petrobras
The previous week, the president of Petrobras, Roberto Castello Branco, had already said that the company's divestment program may suffer some delays, but that it remains "intact", even in the face of the economic crisis.
Due to the crisis, Petrobras postponed some deadlines, as in the case of the sale of refineries and Gaspetro. On the other hand, the state-owned company opened the process of selling the remaining 10 percent of the company in Nova Transportadora do Sudeste (NTS) and its wind farms.
Due to the economic crisis resulting from the new coronavirus pandemic, the ANP decided to postpone the deadline for divestments in onshore and shallow water fields until the end of 2020.
The decision applies to the sale of the farms Belém, Sergipe Terra 2, Sergipe Terra 3, Miranga, Cricaré, Remanso, Rio Ventura, Recôncavo, Ceará Mar, Sergipe Terra 1, Rio Grande do Norte Mar, Merluza, Carapanaúba/Cupiúba, Garoupa and Peroá/Cangoá.
