Petrobras, Brazil's state-owned oil and gas company, has prepaid a debt to Banco Santander worth US$1 billion, due through 2023

Petrobras reported on Wednesday that it had simultaneously signed a new credit line with the same institution in the amount of US$750 million, maturing in October 2028 and with more competitive financial costs. “These transactions are in line with the company’s liability management strategy, which aims to improve the debt amortization profile and cost, taking into account the deleveraging target established in the 2018-2022 Business and Management Plan,” said Petrobras. .

Also this week, a consortium led by Vitol agreed to acquire a Petrobras offshore field in Nigeria for $1,407 billion. The consortium that buys the stake is made up of Vitol, Africa Oil and Delonex.

Under the agreement, the consortium will buy a 50% stake in Petrobras Petróleo e Gás BV, a company that owns a stake in Nigeria's offshore oil fields. BTG Pactual E & P BV will continue to own the remaining 50% of POGBV.

Director of Petrobras says that the worst phase of the state-owned company is over

Solange Guedes, responsible for Petrobras' exploration and production department, was very emphatic in saying that the “worst is over”. As it is already in its business plan, 13 more platforms will be destined to the new pre-salt assets that have already been discovered and will start operations in the coming years. productivity that it has now and over the years, this time factor has been decreasing. What used to take 300 days to build a well, now takes about 100. Learn more about this phase here.