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    BW Energy confirms talks to buy offshore Brazilian fields

Summary

Petrobras launched the sale of the Golfinho fields last year.

by: NGW

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BW Energy confirms talks to buy offshore Brazilian fields

Norway's BW Energy confirmed on June 14 it was in talks to acquire the Golfinho oil and gas fields in Brazil's offshore Espirito Santo basin from national oil company Petrobras.

BW was responding to recent reports of its purchase plans by Reuters and others. 

"BW Energy confirms having discussions with Petrobras for a potential purchase of the Golfinho cluster offshore Brazil," the Oslo-listed company said. "This is part of the group's continuous consideration of opportunities to acquire assets in line with the stated strategy."

It added that it could neither confirm or deny that a transaction would go ahead.

Petrobras, which is undertaking a sweeping divestment drive aimed at raising funds to pay off debt and invest more in deepwater offshore oil plays, launched the sale of the Golfinho cluster last year. According to Petrobras, the fields were flowing at a rate of nearly 15,000 barrels/day of oil and 750,000 m3/d of gas in 2020.

Petrobras also confirmed on June 14 that discussions with BW were underway, noting that "the signing of the purchase and sale agreement is still subject to the approval of the competent Petrobras bodies."