Deals
Petrobras Sells Colombian Oil Assets to Perenco for $380 Million
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Petroleo Brasileiro SA, the most indebted publicly traded oil company, agreed to sell oil blocks and pipelines in Colombia to Perenco UK Ltd. for $380 million.
“The Petrobras Colombia assets that are part of the transaction include 11 onshore exploration and production blocks with an average production of 6,530 barrels of oil equivalent per day, as well as the Colombia and Alto Magdalena oil pipelines,” Petrobras, as Brazil’s state-run producer is known, said in a regulatory filing today. The sale is pending approval from Colombia’s oil regulator.