Petrobras Sells Stakes in Brazil Oilfields

August 12, 2019

© 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)



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