Petrobras sells select Colombian assets to Perenco for US$380 million
Perenco is to acquire Petrobras' stake in 11 onshore blocks in Colombia for US$380 million. The deal also includes Petrobras' interest in the Oleoducto de Colombia (ODC) and Oleoducto Alta Magdalena (OAM) pipelines. Eight of the blocks are currently producing; the others are exploration. Petrobras has retained its interest in one onshore exploration block, which is currently in force majeure, and in all of its offshore acreage.Our US$370 million valuation is based solely on the main ...