Petrobras Sells Stakes in Brazil Oilfields

© Celso Pupo / Adobe Stock
© Celso Pupo / Adobe Stock

Brazil's state-controlled oil company Petrobras sold stakes in a set of oilfields known as Polo Macau, located in the country's Potiguar Basin, to SPE 3R Petroleum for $191.1 million, the company said on Friday.

Petrobras, or Petróleo Brasileiro SA, said the fields - both onshore and offshore - are already under production. The company also said it has started the sale process of stakes it has in 11 mature offshore oilfields in the Campos Basin, a set of assets known as Polo Garoupa.


(Reporting by Marcelo Teixeira, editing by G Crosse)

Current News

BP-Eni JV Azule Inks Deal for Namibia Offshore License

BP-Eni JV Azule Inks Deal for

NSTA Awards 31 More Licenses in Latest North Sea Oil and Gas Round

NSTA Awards 31 More Licenses i

Höegh LNG Strikes Deal to Deploy FSRU Hoegh Galleon in Egypt

Höegh LNG Strikes Deal to Depl

BW Offshore Concludes Sale of FPSO Polvo

BW Offshore Concludes Sale of

Subscribe for OE Digital E‑News

Offshore Engineer Magazine