Petrobras Sells Shallow-water Fields for $1.5 Bln

© dabldy / Adobe Stock
© dabldy / Adobe Stock

Brazilian state-controlled oil company Petroleo Brasileiro SA signed on Wednesday two contracts to sell shallow-water oilfields in the basins of Campos and Santos for $1.5 billion plus $200 million in future payments, the company said in a securities filing.

Pampo and Enchova fields were sold to a subsidiary of Trident Energy for $851 million and an additional future payment of $200 million, depending on oil prices. The Bauna field was sold for $665 million to a subsidiary of Australia's Karoon Energy Ltd.


(Reporting by Tatiana Bautzer; Editing by Lisa Shumaker)

Current News

Santos Inks Mid-Term LNG Supply Deal with TotalEnergies

Santos Inks Mid-Term LNG Suppl

A-O-S Puts Second G-Class CTV to Offshore Wind Service on US East Cost

A-O-S Puts Second G-Class CTV

Teledyne Marine Launches Intrepid – A GNSS/Inertial Navigation System

Teledyne Marine Launches Intre

Korean Firm Certifies Its Hybrid Offshore Wind CTV Design

Korean Firm Certifies Its Hybr

Subscribe for OE Digital E‑News

Offshore Engineer Magazine