Petrobras opens bidding for offshore oil concession

Petrobras opens bidding for offshore oil concession

M&A Corporate & Sovereign Strategy Debt Energy Gas Brazil

Brazil's state-owned oil company Petrobras has begun the non-binding phase for its stake in an offshore oil concession and completed the sale of seven onshore oilfields as it pushes forward with its asset divestment program.Petrobras said on Monday it started the sale of its 35% stake in the Manati field, a shallow-water concession in the Camamu Basin, off the coast of the state of Bahia. Enauta, part of the construction group Queiroz Galvão, owns 45% of Manati, while Colombia's GeoPark and Bras

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