Oct 7 (Reuters) - Brazil state oil giant Petrobras has
chosen a consortium of PetroRio SA and Cobra, a
subsidiary of France's Vinci SA, as the top bidder for
its Albacora offshore oilfield, four people with knowledge of
the matter said.
The PetroRio-Cobra bid topped a competing offer placed by a
consortium composed of private equity firm EIG Global Energy
Partners alongside Brazil's Enauta Participacoes SA
and 3R Petroleum Oleo e Gas SA, according to the
people, who requested anonymity to discuss confidential matters
in interviews on Wednesday.
Both consortia also submitted offers for the neighboring
Albacora Leste oilfield, Reuters reported in August. The exact
values of the bids were unclear, though Petrobras, formally
known as Petroleo Brasileiro SA, said in late
September that the offers received "could exceed $4 billion for
Petrobras is currently selling off dozens of assets in a bid
to reduce debt and sharpen its focus on a prolific, offshore oil
producing area known as the "pre-salt" zone.
Albacora produced 43,000 barrels of oil equivalent per day
(boepd), according to documents released by Petrobras when the
company launched the sale process in 2020. Albacora Leste
produced 34,000 boepd at that time.
Petrobras is now expected to enter into bilateral
negotiations for the Albacora field with the consortium led by
independent oil producer PetroRio, the sources said.
However, Petrobras has decided to hold a re-bid for Albacora
Leste, the people with knowledge of the matter said on
Wednesday, effectively scuttling the results of the original
bidding round for that field.
Reuters was not able to determine the reasons for the
re-bid. Petrobras has previously held new bidding rounds for
assets when the offers submitted in the original round were very
similar in value.
3R and EIG declined to comment. No other party immediately
responded to a request for comment.
(Reporting by Gram Slattery and Carolina Mandl; Additional
reporting by Marta Nogueira; Editing by Kenneth Maxwell)