November 26, 2020 |
The asset management division of Starboard Restructuring Partners, a restructuring firm based in São Paulo, made the highest offer to buy the Papa-Terra offshore oil field from Brazil's Petrobras, the state-owned oil company said in a securities filing.
Starboard, which owns local oil field operator 3R Petroleum, offered around $90 million for the concession in the Campos Basin off the coast of Rio de Janeiro, Petrobras said.
Petrobras expects to start negotiations with Starboard, but it did not
Restructuring firm bids $90 mln to buy Papa-Terra in the Campos Basin