trending Market Intelligence /marketintelligence/en/news-insights/trending/-r7E_l-124Oj4koc3dTCqQ2 content esgSubNav
In This List

Petrobras begins binding phase for sale of 8 onshore fields in Brazil

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Petrobras begins binding phase for sale of 8 onshore fields in Brazil

State-owned oil giant Petróleo Brasileiro SA started the binding phase of its plan to divest its stakes in eight onshore exploration and production concessions called the Rio Ventura cluster, according to an Aug. 26 securities filing.

The Rio Ventura cluster is in the Brazilian state of Bahia and is composed of eight onshore fields that produced an average 1,500 barrels of oil per day and 43,000 cubic meters of gas per day in 2018.

Petrobras in late June announced it began the nonbinding phase of the sale.

The divestment is part of its ongoing plan to reduce debt and focus on offshore projects.