BW Energy to expand its footprint off Brazil as Petrobras greenlights sale of two clusters

Brazil’s state-owned oil and gas giant Petrobras has approved the sale of two assets, located in the Espírito Santo Basin offshore Brazil, to BW Energy, an Oslo Stock Exchange-listed oil and gas E&P company. 

Earlier this month, Petrobras announced that the divestment process of the maritime concession called Golfinho cluster was still in the binding phase, adding that BW Energy was invited to the negotiation stage. 

To remind, Petrobras disclosed its intention in January 2020 to sell its entire stake in two sets of deep-water post-salt offshore concessions, which are Golfinho and Camarupim clusters located in the Espírito Santo Basin.

View entirety: Offshore Energy