E&P companies bid for Petrobras fields: report

Brazil’s Ouro Preto Óleo e Gás and the UK’s Trident Energy have placed bids on two mature field clusters belonging to Petrobras, international media reported on Tuesday.

Proposals for the Enchova and Pampo clusters are expected to total as much as USD 1 billion, sources told Reuters. Both areas are located offshore Rio de Janeiro state in the Campos Basin.

The companies are backed by private equity firms looking to enter Brazil. Ouro Preto has the support of EIG Global Energy Partners and Goldman Sachs, while Trident Energy will receive funding from Warburg Pincus.

It is unclear whether or not other E&P players have placed bids for the clusters, or when Petrobras will announce the winner. The sales are part of the NOC’s goal of recovering USD 21 billion through divestments before the end of the year.

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