Brazil's Petrobras says sale of Tartaruga oilfield moved to binding phase
10/05/2022 13:04
SAO PAULO, May 10 (Reuters) - Brazilian state-run oil
company Petrobras PETR4.SA said on Tuesday it started the
binding phase of the sale of its 25% stake in the Tartaruga
oilfield, an offshore asset located in the Sergipe-Alagoas
Basin.
Petroleo Brasileiro SA, as the company is formally known,
said that potential buyers qualified for this phase will now
receive a process letter with guidance for them to submit their
binding offers.
Maha Energy MAHAa.ST holds the remaining 75% stake in
Tartaruga.
(Reporting by Gabriel Araujo, Editing by Louise Heavens)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))