New ptj Issue 2-2019
Pipeline Safety & Operation
The new PALIMEX®-880/-855
The two-tape system reliably protects your pipeline – and saves your budget.
Learning from Failures: Moving from ‘Failure’ Cause to ‘Root’ Cause
Phil Hopkins >>> Phil Hopkins Ltd.
Nonintrusive Pipeline Internal Deposition Mapping Provides Insight to Operators
Keith Drummond / Thomas Redares >>> Halliburton
Pipeline vibrations – Measurements under difficult conditions
Dr. Patrick Tetenborg / Dr. Christian Jansen >>> KÖTTER Consulting Engineers
The challenge of descaling and extending pipelines lifetime
Luca Reinhart >>> Reinhart Hydrocleaning
Where Technology meets Nature: a unique approach to ban illegal tapping
Kristof Verwaest >>> The Sniffers
Revolutionising Pipeline Safety: Intelligent Weldment Inspection Decision System
Mohd Nazmi bin Mohd Ali Napiah / Hambali bin Chik >>> PETRONAS

Petrobras Seeking to Divest Its 4500-km Of Pipeline Assets And Focus On Deep Water Investments

Petrobras Seeking to Divest Its 4500-km Of Pipeline Assets And Focus On Deep Water Investments (Alf Ribeiro / Shutterstock)

Brazil’s state-controlled oil company Petróleo Brasileiro, or Petrobras, could introduce a new sale and purchase agreement (SPA) for the sale of the Transportadora Associada de Gás (TAG) pipeline, after a Brazilian Supreme Court injunction this past July stalled the sale.

Petrobras aspires to fetch some $7 billion through the sale of its 4500-km natural gas pipeline infrastructure and invest the proceeds in deep water plays in the Atlantic, which are considered more profitable investments. Before the injunction Petrobras negotiated with a consortium of France’s Engie and Canada’s Caisse de dépôt et placement du Québec (CDPQ).

Earlier last month, Petrobras’ board approved a five-year investment plan comprising proposed investments worth around $84bn by 2023. These mainly focused on deepwater oil and gas exploration and production assets.

The Supreme Court injunction has cost Petrobras an estimated $10 billion. The French-Canadian consortium mentioned above will now have to present a new SPA to the market and allow time for counter offers from any other parties interested in buying TAG from Petrobras, the sources said.

Add new comment

Subscription

Subscribe for free in order to get the next issue of Pipeline Technology Journal and the bi-weekly ptj Newsletter directly into your mailbox. You could unsubscribe at any time if you wish.

Subscribe

Contact

Admir Celovic
E-mail: ptj@eitep.de
Phone: : +49 (0)511 90 99 2-20



Contact Page
Go to top