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Petrobras Rumored to be Selling Interests in Two Nigerian Offshore Oil and Gas Assets for US$5 Billion


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2013-05-11 02:58:24 - Sale to Support its 2013-2017 Capital Expenditure Plan - Deal Analysis from GlobalData

Petroleo Brasileiro S.A. (Petrobras) is rumored to be selling its minority interests in Nigerian offshore oil and gas assets in an auction process. The transaction is estimated to be valued at approximately US$5 billion. Currently, Petrobras holds interests in two fields located in the deep waters of the Niger Delta: the Agbami field, operated by Chevron Corp, and the Akpo field, operated by Total SA. The Agbami field is located between the OML-127 and OML-128 blocks. The Akpo field is in the OML-130 block. Petrobras has hired Standard Chartered PLC as the exclusive advisor for the divestment of assets. The divestment is expected to start in May 2013.

Scope

* The report analyzes the rationale behind Petrobras' rumored plan to sell

its interests in the Agbami and Akpo fields in offshore Nigeria
* The report provides information on increasing debts and dwindling cash for Petrobras, prompting the company to consider divesting overseas assets.
* Geography Covered - Nigeria


Full Report Details at
- www.fastmr.com/prod/591834_petrobras_rumored_to_be_selling_inter ..


Reasons to buy

* To know that Petrobras' rumored plan to sell its interests in the Agbami and Akpo fields in offshore Nigeria will support the company's 2013-2017 capital expenditure plan
* To understand that the sale of interests in the two fields will help Petrobras to increase its cash flows and reduce debts
* To know that national oil companies from Asia could bid for Petrobras' Nigerian assets

Report Table of Contents:

1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 1
1.2 List of Figures 1
2 Petrobras Rumored to be Selling Interests in Two Nigerian Offshore Oil and Gas Assets for US$5 Billion 1
2.1 Deal Overview 1
2.2 Deal in Brief 1
2.3 Stake Sale in Nigerian Production Fields will Help Petrobras to Support its 2013-2017 Capital Expenditure Plan 1
2.4 Petrobras has Minoirty Stakes in the Akpo and Agbami Fields in Nigeria 5
2.5 National Oil Companies from Asia could Bid for Petrobras' Nigerian Assets 5
2.6 Deal Financials and Valuations 6
3 Appendix 7
3.1 Abbreviations 7
3.2 Sources 7
3.3 Methodology 8
3.4 Contact Us 9
3.5 Disclaimer 9

List of Tables

1.1 List of Tables
Table 1: Petrobras, Breakdown of Planned Investments by Segments (US$ billion), 2013 2
Table 2: Oil and Gas Industry, Global, Major Acquisitions and Asset Transactions of Asian NOCs by Value, January 2012 to March 2013 6
Table 3: Companies Involved 6
Table 4: Financials of the Deal 6
Table 5: Advisor Information 7
Table 6: Target Information 7
Table 7: Vendor Information 7

List of Figures

1.2 List of Figures
Figure 1: Petrobras, Breakdown of Planned Investments by Segments (US$ billion), 2013 2
Figure 2: Petrobras, Breakdown of Investments for Exploration and Production Projects (US$ billion), 2013 3
Figure 3: Oil and Gas Industry, Brazil, Planned Oil and Natural Gas Liquids Production Curve (mmbd), 2013-2020 4
Figure 4: Petrobras, Net Cash from Operating Activities and Debt-to-Capital Ratio (US$ billion, %), 2009-2012 4
Figure 5: Oil and Gas Industry, Nigeria, Locations of the Agbami and Akpo Fields, 2009 5

About GlobalData

GlobalData is a leading provider of global business intelligence including market, competitor, product and customer information. It provides in-depth research, analysis, data and forecasts through a range of interactive online databases, reports and management briefings. GlobalData has a large team of experienced research and analysis, consulting, and marketing experts. It has a global presence, including key offices in the US, Europe and Asia. The group has over 50 years of experience of delivering market intelligence data and analysis and a highly experienced senior management team. View more research from GlobalData at www.fastmr.com/catalog/publishers.aspx?pubid=1015

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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