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Petrobras Advances Process Of Selling 100% Of Its Assets In Colombia

Written by Flavia Marinho
Published on 12/06/2020 at 12:48
Petrobras avança processo de venda de 100% dos ativos na Colômbia
Petrobras avança processo de venda de 100% dos ativos na Colômbia
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State Company Begins Binding Phase for Sale of Stake in Petrobras Colombia Combustibles, Subsidiary of the Company in the Country

Petrobras announced today (01) that it has begun a new stage of a process regarding the sale of 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries in Petrobras Colombia Combustibles (PECOCO). Petrobras and Braskem Renew Contract for Supply of Petrochemical Naphtha

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In Colombia, Petrobras operates through PECOCO in the distribution and commercialization market of gasoline, diesel, and lubricants, with a network of 124 service stations and 7 storage units.

In a statement, Petrobras stated that “The potential buyers qualified for this phase received a descriptive memorandum containing more detailed information about the assets in question, as well as instructions on the divestment process, including guidance for the preparation and submission of non-binding proposals.”

The next stages of the project will be announced by Petrobras to the market in due course and, according to the company’s expectations, the process should enter the binding sale phase in the coming weeks.

Comperj: Petrobras Adopts Testing for Covid-19 for More Than 4,000 Workers on GasLub Works in Itaboraí – RJ

Petrobras informed in a relevant fact that more than 4,000 professionals at the GasLub works at Comperj, Itaboraí, in Rio de Janeiro, were tested for Covid-19.

According to Petrobras, “the increase in activities at Comperj, where the construction of the Rota 3 gas pipeline and the natural gas processing unit (UPGN) and its utility systems (steam, cooling water, etc.) are underway, occurred after the municipal government decided to authorize the increase of the workforce on the GasLub sites to 65% of the total that was operating before the pandemic, as previously requested by the contracting companies.”

The state company states that given the situation, the work schedule will be reassessed, as approximately 2,100 workers remain temporarily away from local activities, which represents 35% of the workforce that was previously mobilized.

The Integrated Project Rota 3 will provide the third flow route for natural gas from the pre-salt. The project consists of the Natural Gas Processing Unit (UPGN) that will have the capacity to process up to 21 million m³ per day. In addition to the UPGN, the project includes the construction of a gas pipeline with approximately 355 km of total length, with 307 km being marine section – already constructed – and 48 km being land section, which is under construction, and will transport the natural gas from the Pre-Salt Pole of the Santos Basin to the UPGN.

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Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of military, security, industry, oil and gas, energy, shipbuilding, geopolitics, jobs, and courses. Contact flaviacamil@gmail.com or WhatsApp +55 21 973996379 for corrections, editorial suggestions, job vacancy postings, or advertising proposals on our portal.

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