Brazil's Eneva in direct talks for Petrobras' Urucu cluster

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Brazilian energy firm Eneva SA has entered into direct talks with state-run oil firm Petrobras to purchase a complex of oil and gas fields in the Amazon rainforest known as the Urucu cluster, the companies said in separate securities filings on Monday.

The statement, which followed a report earlier in the day in online newspaper Brazil Journal, gave no details on timing or price.

Eneva was victorious in a fresh bidding round, Brazil Journal reported, citing people familiar with the matter. While it did not cite a specific price, Eneva’s new offer was 30% to 40% higher than its previous bid for the asset, which was $600 million, the paper reported.

 

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