Petrobras Onshore Oil Fields Bid On By 3R bid, Brazil’s Eneva and PetroReconcavo  

Three sources claimed that Eneva SA, PetroReconcavo SA, and 3R Petroleum Oleo e Gas, Brazilian energy companies, were among the companies that submitted binding bids on Tuesday for a group of onshore oilfields controlled by Petrobras.

Eneva and PetroReconcavo both confirmed that they had submitted a joint bid to the fields, collectively known as Polo Bahia Terra in a filing but didn’t disclose the amount of the offer.

Petrobras declined comment. 3R Petroleum did not immediately respond to a request.

Financial blog Brazil Journal reported the joint bid of Eneva and Salvador-based PetroReconcavo earlier in the day.

Reuters reported that Aguila Energia was founded in October by ex-executives of independent PetroRio SA in Rio de Janeiro. Petroleo Brasileiro SA was formerly Petrobras SA. It confirmed the report and said that the bid exceeded $1.5 million.

According to two sources who have knowledge of the matter, a deal was not reached, which led to this week’s new bidding round. These sources, all of whom requested anonymity to discuss confidential sales, said that the matter is still open for discussion.

Representatives from Aguila could not be reached immediately for comment.

Brazil-listed shares in PetroReconcavo, Eneva, and 3R were up 6.5% in afternoon trading. Eneva was the largest gainer on the benchmark Bovespa equity index. The shares in Petrobras were unchanged, as was 3R.

Bahia Terra had an average production of approximately 13,500 barrels of oil per day and 660,000 cubic meters per day of natural gas in early 2021.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top