EIG, an institutional investor in the global energy and infrastructure sectors, has entered into definitive agreements with Novonor and Brazilian Development Bank (BNDES) to acquire Ocyan Participações, a Brazil-based solutions provider to the offshore oil and gas industry.
As the only Brazilian operator in the floating production storage and offloading (FPSO) industry, 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. Ocyan currently operates four offshore units through a 50/50 joint venture with Altera Infrastructure, holding long-term contracts with Libra Consortium, Karoon Energy and 3R Petroleum. The company recently established a New Energies division that is focused on the digitalization of the oil and gas industry and engineering, procurement and construction (EPC) contracts for renewable-energy projects.
The deal amoun