Brazil's Petrobras fails to sell Tartaruga oilfield, restarts process
11/04/2022 12:32
SAO PAULO, April 11 (Reuters) - Brazilian state-run oil
company Petrobras PETR4.SA said on Monday it has failed to
sell its stake in the Tartaruga oilfield after the binding stage
was reached, and will now restart the divestment process.
Petroleo Brasileiro SA, as the company is formally known,
holds a 25% stake in Tartaruga, an offshore oilfield located in
the Sergipe-Alagoas Basin. Maha Energy has the remaining 75%
stake and operates the asset.
(Reporting by Gabriel Araujo; Editing by Toby Chopra)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))