Petrobras is eyeing a bumper round of asset sales by the end of the year as it looks to finance it vast pre-salt plans off Brazil, a report claims.
The Brazilian state-owned oil behemoth is to concentrate
much of its efforts on offloading Gulf of Mexico assets where it may consider
brings in a “strategic partner”, Reuters quoted finance chief Almir Barbassa as
Most of the planned $13.6 billion divestments are to happen
before 2013 as the company looks to fill its coffers to finance its five-year,
$225 billion spending plan, the news wire cited Barbassa as saying at its Latin
America Investment Summit on Monday.
"In the second half, by the end of the year, we will
see the majority of transactions by value, if not by number," Barbassa
As well as Gulf of Mexico assets, in which Petrobras has a
stake in some 190 blocks, the company is looking to sell down refinery assets
in Texas and Japan as well as possibly some distribution and natural gas
“The Gulf of Mexico sale is important, probably the most
Barbassa said there has already been strong interest in some
of the assets, although he declined to name prospective buyers.
The finance boss also said that Petrobras is looking to
double its output to about 6.4 million barrels of oil equivalent by 2020 but
that is would be “several years” before the country retains the net exporter