Perenco has completed its acquisition of the Cherne and Bagre fields from Petrobras. This transaction marks the successful divestiture of these assets by the Brazilian state-run oil firm.
Following the acquisition, Perenco expects its production in Brazil to increase to 35,000 barrels per day (bpd). For Petrobras, this sale is part of its ongoing portfolio optimization strategy, focusing on its core, high-return assets.
The divestiture allows Petrobras to streamline its operations and reallocate capital to more strategic projects. This move contributes to the company's financial discipline and its long-term goal of maximizing value for shareholders.
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