Petrobras ramps up asset sales

Petrobras ramps up asset sales

Corporate & Sovereign Strategy Economy & Policy Equity M&A Brazil Latin America

Brazil's state-owned oil company Petrobras announced on Friday that it has started taking bids for its stakes in offshore and onshore oil fields as it moves ahead with an ongoing divestment program. The company has offered to sell four shallow-water fields – Atum, Curimã, Espada and Xaréu – off the coast of the state of Ceará. The Ceará cluster has been in operation since the 1980s and produced 4,200 barrels of oil and 76,900 cubic meters of gas per day from  nine platforms in 2019. Petrobras al

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