A PYMNTS Company

Brazil: Petrobras puts offshore E&P Oil, Gas assets for sale

By  |  July 7, 2019

Petrobras is putting up for sale two operating shallow-water offshore gas fields and a deepwater oil exploration concession in the Espírito Santo Basin, as part of efforts to optimize its portfolio and improve capital allocation, Brazil’s state-owned oil and gas firm said on Friday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Petrobras has launched the opportunity disclosure stage, for the sale of its 100-percent stakes in the gas fields Peroá and Cangoá, and its 88.9-percent interest in the deepwater Malombe oil field, where oil was discovered in 2011.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    At the beginning of this year, reports emerged that Brazil was pushing for major state-owned companies, including Petrobras, to privatize some subsidiaries as the Brazilian government of new far-right President Jair Bolsonaro looks to raise US$20 billion in state asset sales in 2019.

    Full Content: Oil Price

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.