Petrobras puts gas field up for sale

Petrobras puts gas field up for sale

Brazil M&A

Petrobras has started the sales process for the Azulao gas field in Amazonas, giving potential bidders until May 26 to show their interest.The state-owned energy company received the concession in 1998 and discovered the Azulao field in 1999. It operates two productive wells at the site under an agreement that expires in 2031, Petrobras said in a teaser document."The potential transaction is an opportunity to develop and monetize a gas discovery near an outstanding infrastructure in a unique hyd

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