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
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
21 January 2026
Petroleum Economist takes a look at the critical developments that look set to govern the course of the market for this year
20 January 2026
The ripple effects of US refiners switching to Venezuela grades will be felt from Canada to China and everywhere in between
20 January 2026
As the global energy system undergoes its most profound transformation in a century, the need for credible leadership, practical solutions and inclusive dialogue has never been greater. In 2026, the Kingdom of Saudi Arabia will stand at the centre of this conversation as host of the 25th WPC Energy Congress in Riyadh.
