How many companies has Petroleo Brasileiro S.A. - Petrobras acquired?

Petroleo Brasileiro S.A. - Petrobras has made 3 documented acquisitions, with a combined disclosed deal value of $4.0B.

What was Petroleo Brasileiro S.A. - Petrobras's first major acquisition?

Petroleo Brasileiro S.A. - Petrobras's earliest documented acquisition in this dataset is Share in the Búzios Field in 2019.

What is Petroleo Brasileiro S.A. - Petrobras's largest acquisition by deal value?

Petroleo Brasileiro S.A. - Petrobras's largest acquisition by disclosed deal value is Share in the Búzios Field in 2019, valued at $2.4B.

How much has Petroleo Brasileiro S.A. - Petrobras spent on acquisitions in total?

Petroleo Brasileiro S.A. - Petrobras has spent a combined disclosed total of $4.0B across its 3 documented acquisitions.

Petroleo Brasileiro S.A. - Petrobras

Integrated Oil & GasFounded 1953

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Explore Petroleo Brasileiro S.A. - Petrobras

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Petroleo Brasileiro S.A. - Petrobras

Integrated Oil & GasFounded 1953

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Acquisitions

Petroleo Brasileiro S.A. - Petrobras Acquisitions

Q: What is Petroleo Brasileiro S.A. - Petrobras's most recent acquisition?

Petroleo Brasileiro S.A. - Petrobras's most recent documented acquisition is Bahia Wind Complex Stake in 2024. Petrobras acquired a 50 percent stake in the Bahia Wind Complex, a 1.2 gigawatt offshore wind farm, to complement its thermoelectric portfolio and provide a comprehensive low-carbon energy offering that can compete with the integrated energy companies like Shell and BP..

Total Acquisitions

$4.0B

Disclosed Deal Value

Bahia Wind Complex Stake

2024

$1.2B

Why

Petrobras acquired a 50 percent stake in the Bahia Wind Complex, a 1.2 gigawatt offshore wind farm, to complement its thermoelectric portfolio and provide a comprehensive low-carbon energy offering that can compete with the integrated energy companies like Shell and BP.

Impact

The acquisition added 600 megawatts of renewable capacity to Petrobras's power generation portfolio, reducing the company's Scope 2 emissions by 1.2 million tons annually and providing a hedge against the volatility of natural gas prices.

Outcome

The Bahia Wind Complex is expected to come online in Q4 2026, with peak annual EBITDA projected at $240 million by 2028.

Biogas Brazil Assets

2022

$450M

Why

Petrobras acquired the biogas assets of Biogas Brazil, a developer of landfill and agricultural waste-to-energy facilities, to secure rights to 1.2 million cubic meters of annual biogas production, a critical technology for the company's decarbonization strategy.

Impact

The acquisition provided Petrobras with the ability to generate 450 megawatts of baseload renewable power from waste, a figure that exceeds the 300 megawatts achieved by its internal biogas program, and reduced the company's reliance on natural gas for thermoelectric generation.

Outcome

The biogas assets are expected to generate $120 million in annual EBITDA by 2025, with peak annual sales projected at $180 million by 2028.

Share in the Búzios Field

2019

$2.4B

Why

Petrobras exercised its right of first refusal to acquire a 15 percent additional working interest in the Búzios field, the largest pre-salt accumulation in the Santos basin, increasing its total working interest to 85 percent and securing its long-term production growth.

Impact

The acquisition added 1.2 billion barrels of recoverable oil equivalent to the company's reserve base, increasing the Búzios field's peak production capacity to 2.4 million barrels per day and extending the field's production life to 2050.

Outcome

The Búzios field is currently producing 1.8 million barrels of oil per day, with peak annual EBITDA projected at $12 billion by 2026.

Petroleo Brasileiro S.A. - Petrobras's Growth & Acquisition Strategy

Petrobras Business Plan 2026-2030 emphasizes exploration, pre-salt development, refinery investments, gas availability, decommissioning, and lower-carbon initiatives. The plan targets future oil and total production peaks while allocating exploration capital to the Southern and Southeastern Basins, the Equatorial Margin, and international prospects.

How Petroleo Brasileiro S.A. - Petrobras Makes Money

Petrobras makes money from oil and natural gas exploration and production, crude exports, refining and domestic fuel sales, transportation and marketing, natural gas, power, and low-carbon energy initiatives. The upstream pre-salt portfolio provides the strongest economics, while refining and domestic pricing expose the company to Brazilian policy tradeoffs.

Explore Petroleo Brasileiro S.A. - Petrobras

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Petroleo Brasileiro S.A. - Petrobras's Growth & Acquisition Strategy

How Petroleo Brasileiro S.A. - Petrobras Makes Money