Petrobras sells Enchova and Pampo fields to Trident Energy

With a proposal of almost 1 billion dollars, Trident Energy, supported by Warburg Pincus, is declared by Petrobras as the winner in the tender for the Enchova and Pampo fields, in the shallow waters of the Campos Basin.

The Enchova and Pampo assets will have new owners. As Click Petróleo e Gás had already announced here on our portal, in mid-June, Petrobras had received two offers of almost 1 billion dollars for the fields.
In this final round, it was not disclosed which would be the other company holding the competing proposal.

The Enchova and Pampo fields, which are located in the shallow waters of the Campos Basin, received proposals in the initial round from the independent Brazilian oil company Ouro Preto Oil and Gas, which joined the British Seacrest Capital and the Anglo-French Perenco to formalize the offer.

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Complex sale

Petrobras has been trying to sell the Enchova and Pampo fields for almost a year, when the assets entered the oil company's divestment list.
It is worth remembering that Petrobras is divesting in assets, aiming to balance its finances and plans to raise up to 35 billion dollars over a period of five years.

The sale process for these assets has become particularly complex, as it is a mature field with better performance on the divestment list.
In July 2018, the assets together produced almost 39.000 barrels of oil equivalent per day,

Trident Energy's proposal is yet to be approved by Petrobras' board of directors. The meeting is scheduled to take place next week.

Trident Energy is an international oil and gas company focused on acquiring, operating and optimizing middle-aged international assets.

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