PetroReconcavo signs 5-year oil sales contract with Brava Energia for at least 50% of Potiguar output
Reuters2026/08/06 22:30- PetroReconcavo signed a long-term crude oil sales agreement with Brava Energia covering output from its Potiguar Asset.
- Contract term runs from Oct. 1, 2026 to Dec. 31, 2030; existing commercial amendments stay in place until then.
- Deal commits both sides to buy and sell at least 50% of PetroReconcavo’s net oil production from the covered fields.
- Agreement updates pricing methodology, keeps refining-linked market indicators, aiming to improve alignment with market conditions and operational efficiency.
- Structure preserves supply to Brava’s refinery, keeps an alternative export route via the Port of Pecém.
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