The sale price has been US$2.6 billion. The sale was finalized with a cash payment of US$2.2 billion to Petrobras, after the deduction of the due taxes and meeting all of the conditions set down in the contract that was signed on November 13, 2013.
According to sources the previous sale price was U$3 billion.
The transaction included:
Petrobras had operations in Peru for 10 years. According to the firm its exit from Peru is part of a broader plan aimed at divesting billions in foreign assets to focus on massive offshore deposits in Brazil.
The three target blocks are all quality oil properties in Peru with achievable profit potential. The acquisition of the assets will help to expand the scale of PetroChina’s oil and gas cooperation in Latin America, and drive the sustainable development of PetroChina’s overseas business.