China’s national oil companies, Sinopec and CNOOC, want more interests in Brazil’s oil and gas assets, reports Seeking Alpha. The two companies bought into Brazil’s giant deepwater oilfields two years ago, and now seek to increase their holdings as Petrobras continues to sell assets.
Along with Sinopec and CNOOC, Shell and Statoil are also reportedly interested in buying stakes in Brazil's pre-salt offshore exploration blocks. The two European companies could present bids in 30 days or less.
Petrobras has also indicated it will delay production projects for the Carcara and Jupiter pre-salt discoveries because it intends to sell the fields. If the projects continue, the fields could be producing hydrocarbons sometime in 2020.
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