Business

Petrobras concludes sale of seven onshore fields for $128mn

Petrobras concluded the sale of its stake in seven onshore production fields for R$676.8 million ($128 million). The fields, located in the Potiguar Basin in Rio Grande do Norte, were purchased by SPE 3R Petroleum which is a subsidiary of 3R Petroleum and Participations. In a statement, Petrobras says the operation is in line with the strategy of portfolio optimisation and better allocation of capital.

Source: Valor Investe

Categories: Business, Industry