Brazil’s Brava Energia Cancels US$15 Million Oilfield Sale, Buyer Objects
Brava Energia, a Brazilian oil producer controlled by Ecopetrol, canceled a $15M sale of 11 onshore concessions to Azevedo & Travassos Energia (ATE) and Petro-Victory Energy. Brava claims ATE missed the contractual deadline, while ATE disputes this and plans to protect its rights. The deal involved fields in the Potiguar Basin, with production issues cited as a factor in the delay.






