December 18, 2014 8:00 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Petrobras International Braspetro B.V.

Company Overview

Petrobras International Braspetro B.V. operates as a holding company, through its subsidiaries, explores and produces oil and gas. The company is based in Rotterdam, the Netherlands. Petrobras International Braspetro B.V. operates as a subsidiary of Petróleo Brasileiro S.A. - Petrobras.

Weena 722, 4º Floor, Weenapoint

Tower A

Rotterdam,  3014 DA


Key Executives for Petrobras International Braspetro B.V.

Petrobras International Braspetro B.V. does not have any Key Executives recorded.

Petrobras International Braspetro B.V. Key Developments

Petrobras International Braspetro B.V. Announces Audited Earnings Results for Full Year Ended December 31, 2013

Petrobras International Braspetro B.V. announced audited earnings results for full year ended December 31, 2013. For the year, the company reported that net income was $1,801 million.

Petrobras International Braspetro B.V. and Banco BTG Pactual S.A. to Establish JV for E&P Operations in Africa

Petrobras International Braspetro B.V. and BTG Pactual entered into a binding agreement to establish a 50/50 joint venture for oil and gas exploration and production in Africa (E&P). This partnership between Petrobras and BTG Pactual represents a promising investment opportunity in E&P in Africa and will be the preferential vehicle of the two parties for new investments of such nature in the continent. The joint venture will be formed upon the acquisition, by BTG Pactual and its clients acting through the BTG Pactual Vehicle, of 50% of the shares issued by Petrobras Oil & Gas B.V. (PO&G), currently wholly owned by PIBBV, for $1.525 billion. Once the corporate restructuring currently in progress is concluded, the operation will involve the branches located in Angola, Benin, Gabon and Namibia, as well as the subsidiaries Brasoil Oil Services Company (Nigeria) Ltd., Petroleo Brasileiro Nigeria Ltd. and Petrobras Tanzania Ltd. The partnership was approved by Petrobras' Board of Directors at the meeting held on June 14, 2013 and the closing is expected to be executed by the end of June 2013. The operation represents an important step for Petrobras' Divestment Program, allowing for the expansion of its operations in Africa and the sharing of investments required for expansion and development of its reserves.

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