Petrobras opens more oilfield sales

Petrobras opens more oilfield sales

M&A Energy Economy & Policy Corporate & Sovereign Strategy Politics Brazil

Brazil's Petrobras said it has started the sale of the Cricaré cluster of 27 onshore oilfields in the state of Espírito Santo.

Interested bidders have until June 7 to contact Petrobras about the sale.

Itaú BBA is the financial advisor to the state-owned energy company on the deal, according to the teaser documents.

Petrobras has said it could earn $26.9bn from asset sales through 2023 to lower debt and raise money for an $84.1bn investment program.



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