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
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
