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RIO DE JANEIRO (Reuters) – Brazilian energy company Eneva SA has entered into direct talks with state-owned oil company Petrobras to purchase an oil and gas field complex in the Amazon rainforest known as the Urucu cluster, have declared the companies in separate securities repositories on Monday.
The statement, which followed a report published earlier today in the online Brazil Journal, did not give any details on the timing or price.
The Brazil Journal article said that Eneva’s competitor, 3R Petroleum Oleo e Gas SA, made a higher bid in a tender in 2020, but that round was scuttled after Petrobras had determined that the conditions attached to the 3R offer were unacceptable.
Eneva has won a new auction round, the Brazil Journal reported, citing people familiar with the matter. Although it didn’t quote a specific price, Eneva’s new bid was 30% to 40% higher than its previous bid for the asset, which was $ 600 million, according to the newspaper.
The two companies will now negotiate the terms of the potential sales contract, which could take months, the article adds.
A representative of Petroleo Brasileiro SA, as the Brazilian state-owned oil company is officially known, declined to give further details on the securities deposit. Eneva did not respond to a request for comment.
Eneva’s common stock closed 13.51% higher on Monday while Petrobras shares gained 3.15%. The Brazilian benchmark Bovespa stock market index closed up 2.13%.
Reporting by Gram Slattery; Edited by Lisa Shumaker; Editing by Bill Berkrot
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