Petrobras looks to exit the Gulf of Mexico after only three years in partnership with Murphy Oil
Petrobras eyes Gulf of Mexico exit
The NOC has added another sale to its long list of divestment targets
Brazilian state oil company Petrobras has put up for sale 15 offshore fields in the US Gulf of Mexico, with c.11.3mn bl/d oe in total net production, as it continues its pledge to divest non-core assets and focus on its most profitable pre-salt business. The Brazilian operator holds a 20pc stake in the fields in partnership with US independent Murphy Oil, which holds the remaining 80pc, and has set a deadline of 25 October for prospective buyers to register their interest. The prolific St. Malo field is likely to be one of the most attractive assets available. The field, in which the Petrobras-Murphy consortium holds a 25pc stake, has
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
