New ptj Issue 1-2019
Inline Inspection / Integrity Management
The new PALIMEX®-880/-855
The two-tape system reliably protects your pipeline – and saves your budget.
Quality control in the passive corrosion protection – the coating inspector
Thomas Löffler >>> DENSO Andre Graßmann, Hilmar Jansen >>> Open Grid Europe
The key of safety and reliable operation is the pipeline integrity. Main elements and importance of pipeline integrity
Ferenc Peterfalvi >>> MOL
Predicting the future - applying corrosion growth rates from in-line inspections
Jane Dawson >>> Baker Hughes, a GE company
Improving Pipeline Scraping Operation – A systematic Approach and Case Study
Husain Al-Muslim, Mousa Al-Harbi >>> Saudi Aramco

ptc_2019

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