U.S.-based private equity group EIG is considering as many as 20 potential deals in the midstream and renewable energy sectors in Brazil, after buying the only Brazilian operator in the floating production storage and offloading FPSO industry, EIG’s head in Brazil, Flavio Valle, told Bloomberg in an interview. At the end of last year, EIG announced a deal to buy Ocyan Participações S.A., the only Brazilian FPSO operator, for $390 million.
In its strategic plan through 2028, Petrobras plans $102 billion in investments, up by 31% compared to the previous plan. Most of the planned capital expenditures capex – $73 billion – will go to production and exploration, Petrobras said at the end of last year. The EIG private equity group, which has amassed oil and gas infrastructure assets worldwide, is now looking at more deals in Brazil and considering up to 20 such potential transactions, Valle told Bloomberg.