Cade has just approved yet another round of concessions by Petrobras to the private sector, this time for full or partial participation in oil fields throughout Brazil, which will be managed by the company BW Energy.

Recently, the General Superintendence of the Administrative Council for Economic Defense (SG/Cade) approved the sale of active from Petrobras in the Golfinho, Canapu, Camarupim and Camarupim Norte oil fields for the company BW Energy. This is yet another round of divestments by the state-owned company in its assets in the national oil and gas sector and is part of the company's concession plan for the year 2022. 

BW Energy obtains approval from Cade to purchase Petrobras' stake in the state's oil fields in the national territory 

Petrobras continues with its policy of granting its assets to the private sector and obtained Cade's approval for another round of sale of stakes in oil fields in the national territory.

This time for the company BW Energy, which seeks to invest in the Brazilian oil and gas industry. The agency's superintendence then approved the granting of full interest in the Golfinho and Canapu fields, 65% interest in block BM-ES-23 and 100% interest in the Camarupim and Camarupim Norte fields (Cluster Camarupim).

All oil fields that will be granted to Petrobras in a transaction with BW Energy are located in Baica do Espírito Santo, located in the state of Espírito Santo, and have the state-owned Petrobras as the main concessionaire.

The company's operations in the fields have been going on for more than a decade, as exploration began in 2006 at Campo de Golfinho, while at Campo de Canapu it started around 2010. 

Finally, the Camarupim cluster, including both oil fields, had its operations started in 2009. In addition, Saipem's FPSO (floating storage and transfer unit) "Cidade Vitória" is also included in the operation, which is in operation in the Golfinho and Canapu fields and is currently chartered to Petrobras.

These assets make up a good portion of the state-owned company's oil and natural gas productivity in the national territory and, with Cade's approval, will be essential for BW Energy's growth in the national fuel market. 

The sale process of the state oil fields to BW Energy may be finalized soon, if there are no problems at Cade

The approval by the General Superintendence of the Administrative Council for Economic Defense (SG/Cade) for the sale of the Golfinho, Canapu, Camarupim and Camarupim Norte oil fields to the company BW Energy guarantees a good part of the transaction process to Petrobras.

However, there is still the process analysis period and, if CADE's Court does not decide to call the merger acts for analysis or if there is no appeal from interested third parties, the transaction may be finalized in 15 days. 

The company BW Energy is part of the subsidiaries of the BW Group and is ultimately controlled by BW Energy Limited, a company based in Oslo, Norway, focused on the exploration of oil and natural gas in the national territory. Currently, the company has its main portfolio of operations in Campo Maromba, located in the Campos Basin (RJ), in which it has a 100% stake.

And, with Cade's approval for the purchase of Petrobras' oil and natural gas fields in the Espírito Santo Basin region, the company will be able to invest in new exploratory campaigns and expand fuel production in the Brazilian market, taking advantage of the boom in the sector .