Overview
- Ecopetrol finalized the transaction on August 18, 2026, taking control of roughly 51% of Brava Energia through the settlement of a voluntary tender offer and a prior share purchase agreement.
- The aggregate consideration was approximately US$1.2 billion and was financed by an intercompany loan from Ecopetrol Capital AG to Ecopetrol Investimentos do Brasil.
- Brava’s reported operating metrics include about 459 million barrels of proved reserves (1P), 605 million boe proved-plus-probable (2P), and average production near 78.8 thousand boe per day for H1 2026 with June at about 84.4 kboed.
- Brava’s unaudited trailing 12-month results to June 30, 2026 show revenue of about US$2.34 billion, EBITDA near US$1.05 billion, and net income around US$122.2 million, figures that will inform Ecopetrol’s valuation and integration work.
- Ecopetrol will hold a conference call on August 25, 2026 to outline next steps, and the company says the deal broadens its Brazilian footprint while subjecting future returns to market, regulatory, exchange‑rate, and operational risks.