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Project Insights

Petrobras may sell Bolivian assets to cut debt

The Brazilian state-controlled company is exploring ways to add to its divestment plan as it prioritises development of Brazil’s pre-salt oil and gas fields The Brazilian state-controlled company is exploring ways to add to its divestment plan as it prioritises development of Brazil’s pre-salt oil and gas fields.
By Ed O'Brien 12 December 2019 Americas / Exploration & Production 0 34868
Anelise Lara, director of refining and natural gas at Brazil’s Petrobras, addressing an event in London last week. (Petrobras)

The key issue: Petrobras is considering selling its Bolivian assets in a move to slash debt and prioritise its domestic pre-salt oil and gas fields.

Interfax analysis: Petrobras may offload additional assets, including holdings in Bolivia, as it looks to broaden the scope of its latest divestment programme, the company’s executives confirmed at an investor relations event in London last week. The energy giant announced plans last month to sell $20-30 billion of assets over the next five years, which will see it divest from...