BTG Pactual Guys
Esteves wants to move into African O&G. 50% jv with PBR already. My moneys on BTG as the 4th Farmout.
Try looking at the bigger picture here instead of some of the rubbish that SH allows to be posted on this bb.
After joining to Petrobras, BTG structure a new oil According to sources, stock André Esteves is studying the creation of a new company to operate in oil exploration; banker would be evaluating opportunities with OGX and the Seven Brazil June 17, 2013 | 22h 02 Bronzati line, O Estado de S. Paulo SAO PAULO - The investment of $ 1.5 billion to BTG Pactual to acquire 50% of the assets of Petrobras in Africa is only a part of the project banker Andre Esteves in the oil and gas. Sources heard by Broadcast real-time service of the State Agency, claim that the bank's goal is to structure a 'mega' company to explore opportunities in this sector. remains unclear, however, whether the company will act only as an asset manager or it may be the carrier of activities in the fields of exploration. "It is not a matter of decision, but opportunities. Might be a company can be just as investments in the oil sector," says a source with knowledge of the matter. To make the project viable, BTG could avail the expertise of OGX flagship company of the EBX Group, with which made ??a recent partnership, and equipment operator probe Sete Brazil, in which the bank has a stake of 27.7%. Apart from Africa, the bank Esteves also interested, according to another source, in working in the oil in South America, in countries such as Venezuela, Peru, Colombia and Brazil. For now, as the report found, BTG deeply analyzed only the assets of Petrobras in Africa, but does not rule out new opportunities in the active state. According to the source, OGX, Eike Batista, would not participate in the new company, but could act as a technology provider. André Esteves himself has made ??it clear in an interview with the state, which the bank has no ability to take more oil wells of the company. According to him, OGX has a good staff, but the answer on the solution of the company is "complex". "Who invests in oil exploration has to be prepared for high returns and any disappointments. Yet there are many opportunities in the sector in Brazil "evaluated Esteves, in an interview in March. On occasion, he explained that the role of BTG in partnership with companies X is streamline the group and attract investors. Besides having credit exposure the company, the bank also considers participate in future projects as investors or not. Already Sete Brazil, according to the source, would act as a service provider for the company that BTG Pactual could operate in the structure for of oil. Created to manage assets related mainly to the Brazilian pre-salt, the company will own the 28 deepwater rigs to be chartered to Petrobras. The state is also a shareholder of the company with 4.6% share. Besides BTG and Petrobras, Sete Brazil has six investors: pension funds Petros (Petrobras), Previ (Bank of Brazil), FUNCEF (CEF) and Valia (Vale), Santander and Bradesco. Strategy. The focus of BTG in the oil is aligned with the bank's strategy of expanding arm natural resources, the opportunities seen in the area responsible for managing investments in illiquid assets or equity assets listed on the stock exchange. The investments in this segment commenced with a stake in STR, holding held that administers Petra Energia - the segment of oil and gas. In July last year, the bank disposed of the business for about U.S. $ 700 million. Moreover, also in 2012 BTG Pactual became a partner of the former president of Vale, Roger Agnelli, in a mining company that plans to invest R $ 1 billion in opportunities in Brazil, Latin America and Africa. BTG's investment in 50% of Petrobras Oil & Gas, which brings together the assets of state in Africa, is more than a first step Banker in oil exploration: is also his first investment in the African continent. The joint venture of Petrobras and BTG born with presence in six countries, ten fields in the portfolio and three in production.