PetroReconcavo Buys 50% Stake in Brazil Gas Assets for $65 Million

PetroReconcavo has acquired a 50% stake in midstream natural gas infrastructure in Brazil's Rio Grande do Norte from Brava Energia for $65 million, including processing units and a gas pipeline.

(Reuters) — Brazil's Brava Energia signed a $65 million deal to sell a 50% stake in midstream natural gas infrastructure assets in the state of Rio Grande do Norte to PetroReconcavo, the companies said in separate filings.

The assets include two natural gas processing units, the Livramento/Guamare pipeline, and equipment used to store liquefied natural gas.