Petrobras decides to sell assets in Colombia.
The assets of Petrobras, headed by Graça Foster, that are part of the transaction include stakes in 11 onshore exploration and production blocks, as well as oil pipelines.
Douglas Correa
Reporter from Agência Brasil
Rio de Janeiro - Petrobras' Board of Directors, at a meeting today (13), approved the sale of 100% of the shares issued by Petrobras Colombia Limited (PEC) to Perenco, for the amount of US$ 380 million.
The Petrobras Colombia assets included in the transaction encompass stakes in 11 onshore exploration and production blocks with an average net production of 6.530 boed (barrels of oil equivalent per day), in addition to the Colombia and Alto Magdalena pipelines, with transport capacities of 14.950 bpd (barrels per day) and 9.180 bpd, respectively.
The completion of the transaction is subject to certain customary conditions precedent, including approval from the Colombian National Hydrocarbons Agency (ANH). Petrobras will maintain its presence in Colombia through its offshore exploration and distribution assets, as well as an onshore exploration block.
This operation is part of Petrobras' Divestment Program (Prodesin), as outlined in the 2013-2017 Business and Management Plan.