Petrobras Sheds Colombian Assets

Petrobras Sheds Colombian Assets

Brazil Colombia M&A

Petrobras has agreed to sell oil blocks and pipelines in Colombia to Perenco UK for $380m, it says, the latest in a string of non-core divestments. The package includes 11 onshore exploration and production blocks with an average production of 6,530 boe per day, as well as the Colombia and Alto Magdalena oil pipelines. Petrobras plans to keep its offshore oil blocks, one onshore block and gasoline stations in Colombia. The sale is pending approval from Colombia’s oil regulator. HSBC advised Petr

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