Petrobras accepts bids for Bahia oil fields

Petrobras accepts bids for Bahia oil fields

M&A Energy Oil Gas Brazil Pipelines

Brazil's state-owned oil company Petrobras said Friday that it is taking binding offers for more than two dozen onshore oil field concessions in the state of Bahia. The Bahia Terra cluster, as the asset is called, involves 28 exploration and production (E&P) concessions in the Recôncavo and Tucano basins that produced 13,500 barrels of oil per day and 660,000 cubic meters of natural gas per day in January and February this year, according to Petrobras. The sale also includes collection and t

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