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Petrobras declares to have had an increase in asset sales in 2019

Written by Flavia Marinho
Published 08/04/2019 às 01:00

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According to data presented by Petrobras, in the period from 2015 to 2018, as a result of the divestment policy adopted by the company, approximately US$ 15,4 billion has already entered Petrobras' cash.

Under the management of Roberto Castello Branco, Petrobras has already generated a total of US$ 9,25 billion in divestments this year, with the sale of 90% of “TAG” Transportadora Associada de Gás, with the agreement concluded with Engie. Not to mention that the company, in 2019, already has US$ 1,85 billion in deals not yet concluded. The years 2017 and 2018 added up to around US$ 8,5 billion, and the deals announced by the divestment program since that year have already exceeded these amounts.

The state-owned company has already announced that in 2019 it will sell the taxed Pasadena refinery, to Chevron, and the Maromba field, in the Campos Basin, to BW Offshore, in addition to the US$ 8,6 billion in the TAG negotiation.

The expectation is that the divestment policy will be intensified during Castello Branco's management, since he has already taken over the management with all the businesses already in progress from the previous administration of Pedro Parente.

The Petrobras executive has already signaled that they could reach between US$ 12 billion and US$ 30 billion in less than 40 months.

The numbers give an idea of ​​what to expect from the “more aggressive” divestment program that Castello Branco has been promoting.

Furthermore, the president has already announced his desire to leave Braskem and the number of refineries to be sold, so the company is evaluating a possible secondary offering of BR Distribuidora shares.

See also: Ibama grants a preliminary license and the new pre-salt phase in the Santos basin will require 11 new FPSOs in a total of 23 projects

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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 industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact flaviacamil@gmail.com for suggestions, job openings or advertising on our website. Do not send your resume, we are not hiring!

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