US firm taking over Brazil's only FPSO operator, thanks to $390 million deal for Ocyan
EIG is in the process of acquiring Ocyan Participações, a Brazilian-based solutions provider to the offshore oil and gas industry.
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EIG is in the process of acquiring Ocyan Participações, a Brazilian-based solutions provider to the offshore oil and gas industry.
EIG has signed a definitive agreement with Novonor and Brazilian Development Bank (BNDES) to acquire Ocyan Participações (Ocyan) for $390m.
Ocyan currently operates four offshore units through a 50/50 joint venture with Altera Infrastructure, holding long-term contracts with Libra Consortium, K...
Private equity firm EIG Partners has reached a deal to acquire Brazilian oil industry supplier Ocyan in a deal valued at $390 million, EIG said on Thursday. EIG will pay $283 million of...
Ocyan has a 23-year track record delivering high-quality maintenance solutions to the offshore oil and gas sector, including the operation of subsea construction and decommissioning projects.