Petrobras Puts More Fields up for Sale
Brazil's Petrobras plans to sell its entire stakes in the Tuna, Curima, Espada and Xareu shallow-water fields in the Mundau sub-basin off the state of Brazil, it said on June 19.
Petrobras is inviting ccompanies to express their interest in the projects, which have been in operation since the 1980s and flowed 4,200 b/d of oil and 76,900 m3/d of gas last year. They consist of nine fixed platforms some 30 km offshore, in waters between 30 and 50 metres deep. Petrobras is their sole owner.
The Brazilian oil giant has invited investors to bid for a number of its fields and other assets, as it looks to clear some of its debt pile and boost its cash reserves.